My view is that of a bullish note here at the break of my green line, I lookout for more buying positions, mostly short term with more careful management thereof as these look strongly bearish lately.
On smaller timeframe looking to buy towards the resistance NASDAQ.
Not too confident on this one but bulls seem to be gaining some support there then we going bullish if they dont break the zone.
As highly volatile this is, I still believe we are heading for more drop here as it turned perfectly at the 50.00 Fib zone. My leg C is equal legs with leg A.
Looking to hold this buy for some long time as we go bullish responding to the Double Bottoms forces, on smaller TF We looking at the Head ad Shoulders.
Looking to buy this, note this buy is a potential good one to hold for a long term as it is currently on the S/R Flip zone which is where Support and Resistance swaps powers. Check the Daily chart for the further clear view.
Looking to sell short term whilst holding the previous shared buy position
A little more drop to the 78.6 Fib level then we go in with buyers to the 50.00 Fib level which is also a previous SnD
Going bullish here based on the QML and the Fibonacci retracement
Going long here for the length of the previous buy toward that previous high.
With the RSI Divergence and also the Double Tops pattern, I foresee a drop on MrPrice
Looking for more buyers to come in as we breaking the resistance for the bearish trend.
Looking at the current drop, I am seeing a nice Elliot Wave response here as the Wave 3 was extended with its 5 waves then now we are pulling back to the 2014 Demand Zone to give us Wave 4 , which agrees as well since Wave 4 is known for consolidations. Whats your take?
Currently at the Supply Zone, looking for sellers to take us down
Bearish impulse complete, looking forward to get in with the buyers as we are on Demand Zone targeting the resistance on top.