After a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps...
Super strong resistance up there at 362.60. Atfer a series of testing the market breaks the uptrend support to end out breaking also the VWAP with strong volumes as a backup. Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP. Coming next: - Most likely a bearish movement targeting first the 328.30...
Support :96.51 Resistance : 105.14 The market is ranging at the moment , we are observing the volumes because at the end of the day BAIDU is always dynamic. If the candlestick formation is confirmed to be a pullback , thanks to the volumes, it will announce a coming increasing trend . If the market strongly breaks the support line or the...
We can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance. We have two clear reasons to see that the possibilities for the market going bullish increasing significantly : -The formation of the candlesticks on the support line, taping the line to rebound . -Combined with the strong...
The market was going down for a while now, with few pullbacks on the supporting blue line . When volumes increased we noticed a strong break of the support . A powerful move not giving anymore room for a short entry. Market gave us a signal of return to the support line which is now a resistance line. Line that have seen some past pullbacks, therefore,...