Im going to see if it develops to a bearish butterfly. If it reaches D i will prepare for my trading plan.
Is a Descending triangle forming? Im going to wait for a conformation.
I think this point is to take a closer look at. Look how the MA 12 is increasing its gap to MA 24 and both pointing down. I have taken a neutral stand since it takes i higher high than the previous high low its time to change the game plan. Kind regards The Bull
Pay attention on closing price..above the hammer is an indication for a bullish movement.
Wait for a pullback, keep in mind the U.S data for today.
Please wait for a confirmation. It might just be so that it will continue in range market and wait for U.S data Kind regards Bull
Added the range market and EMA 89 Where EMA 89 acts as support line
Wait for a signal. Its just forming so its relative right now. Please add some constructive comments. Kind regards TheBull
It happend but its nice to see some comments some time :)
I think the doji confirms the downtrend further
An simple idea of how it might be this coming days.. Please comment, constructive criticism please :)