We broke the lower Bouhmidi-Band as expected after we broke the previous day low. Right now we see a reversal back to bandwidth but could end up as a pullback short heading to 1.5 std (4873) and 2 std (4856) with FED in mind.
SPX is failed to takeover previous day high. Waiting for initial balance
Adding the previous day's high and low (blue line) to the intraday #BouhmidiBands can provide further clues. At the beginning of the session we tested the previous day's high and did not overcome it. We wait for the initial balance until 16.30H.
SPX - Running for new ATHs? - After one hour trading we see sell imbalance coming in. We need to break upper #BouhmidiBands at 4902 which falls together with yesterdays high at 4903. A break above could lead to a intraday short squeeze heading to 1.5 sigma BB at 4918.
SPX started today with a break above upper BB - But since then we see a consolidation around this intraday resistance.
Shows long reversal potential at lower #BouhmidiBands
We tested the upper Bouhmidi Band and are reverting back to bandwith. Might get back to opening. Chartbook reversal with BouhmidiBands
SPX tested upper Bouhmidi-Band - Reversal might come into play if can not break above upper Band.
DAX turns up again and breaks first upper Bouhmidi-Band
SP:SPX - Nice #BouhmidiBands reversal in play but watch out might see a pullback today
Today is the first trading day this year where the index closed above the two standard deviation upper Bouhmidi-Band. This happens rarely and could be a signal for the start of a new bullish momentum heading towards december.
S&P 500 started with bullish impulses heading to upper Bouhmidi-Band but missed it to breakout. Classical intraday reversal pattern.
Todays intraday session shows how important Bouhmidi-Bands can be for day trader and specially options traders. We started with a break of 1st STD lower Bouhmidi-Band after that we saw a typical reversal back into the bandwidth. After us opening we see a typical volalitiy swift and impulse that put pressure on DAX and pushed back below lower Bouhmidi-Band. Still...
DAX - Turning a day trade into a swing trade - This is possible with the #BouhmidiBands. After testing the lower band on Monday, the #DAX turned around and has made up 229 points so far.
We did it again. 2nd day in a row we test #BouhmidiBands. An intraday reversal at lower BB is in play. High Volume Node based on last 14 days signals also big support at this area.
Intraday we have seen various tests of the upper Bouhmidi-Band but no breakout. It shows how Bouhmidi-Bands can act as a resistance.
Chartbook #BouhmidiBands Reversal in play while testing 15.800 area
Two intraday long reversal signals in a row. The lower #BouhmidiBands seem to be a short term support level for Bitcoin. Yesterday and also today we reversed back into the bandwidth after testing lower BB.