The top that we marked actually worked and reversed the price okay what now? Short answer not so clear, but there are few ideas around it: as you can see the frequency seems to have changed to the pink fork which is a short term and one of my favorite types of forks, but this kinds of fork are not so valid not until we see the Median line so no trades here but we...
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Evening Traders, Today’s analysis – EURJPY- respecting structural S/R, price action is likely to retrace for a swing low failure. Points to consider, - Bearish Retest (Structural S/R) - Hidden bearish divergence ( RSI) - Stochastics valid sell cross - Volume below average - .50 Fibonacci target EURJPY respecting structural S/R will validate a bearish...
CTL has formed a weekly swing low failure and has also formed weekly bullish divergence. These are generally strong indications of a reversal, More so since they are showing on a weekly time frame. Moving average guide (All Weekly for this post): 50 weekly moving average in Green. 100 weekly moving average in Yellow. 200 weekly moving average in Red. -This...