I am expecting more push to the bullish side as were starting our fib from 0.7 level and more push is still expected also based on our cot report
More bullish movement is expected as we are on a strong support zone and we on strong consolidation before push to bullish movement.
Am expecting more strong movement due to the strong support zone on fib 0.382 then more bullish push momentum
More bearish push momentum expected as we just rejected the 0.382 level as a strong resistance zone
The market just got to our daily W formation neckline and we retesting it as a strong support zone then bullish momentum is expected and our cot report shows both long and short positions closed with net position showing more bullish momentum still.
the market formed a W formation and we also retested the neckline of the W formation and am sill expecting price to push more bullish momentum.
The market is forming the W formation nicely and am still expecting the retest to the neckline of the W formation before we continue with our bullish movement. Also our cot shows that the hedge funds added more bullish contracts and closed bearish contracts and our net position moved more bullish.
our previous M formation neckline is being tested currently so more bearish momentum is expected also because the market pattern will be completed. And also the cot contracts where closed both Bullish and bearish and we expecting more bearish movement.
Nasdaq adding both long and short contracts but more longs while moving in an uptrend and also net position growing from previous net position. pullback is expected before continuation of bullish trend.
The price is trapped between two structures which is M & W formation pattern but we always consider the latest price reaction which is now at the W formation of structure. and a rejection is expected for bullish momentum.
The market is back at our nice W formation pattern and am expecting a nice rejection on the neckline of the W formation and a push to the upper side (bullish momentum)
the price came back to our W formation neckline and in normal market pattern after the W formation on the neckline price is expected to reject breaking through strong support.
We broke through our previous resistance zone and now expecting price to respect it to be now support zone and bullish momentum afterwards. which the previous support is our nice W formation zone.
The maret broke our previous resistance to now support and price is holding strong on support zone expecting more bullish momentum.
we still continuing with bullish movement till our both tp are hit as this is an update of last analysis
the market is finishing up an uptrend before we reject our M formation pattern on neckline and a down trend is expected after.
Am still expecting a strong neckline rejection of the W formation pattern and continuation of bullish movement.
Update we rejecting our previous strong support zone and still have to push more bullish movement as also more cot contracts where added to push market up.