As shown on the image, price is about to break the channel. watch for breakout and confirmation. *** This is just an idea and it's not an advice and you should not make decisions based only on this post ***
After seeing a bullish BAT, there's gonna be another pulse up. maybe there's gonna be a good chance to make profit. This is my analysis, feell free to use it but don't blame me if it doesn't work!! Nice Trading!
Looks like there's a crab pattern, next candels confirmed the trend.
Seems like fib 0.5 retracement of preceding 5 wave bearish pulse has been tested and is ready to go back to 0.38 to start another pulse higher wave 2 of the downtrend. wait for confirmation near 0.38 retracement. Alos, fib 0.5 is also a resistance
As seen in the chart, it may be finishing a Zig Zag Correction. Trying to reach that yellow line support, but it may take up until tuesday or wednesday to finish.
We came down and up to the same point in three days. We have a Bearish Doji in 1H chart, probably we are seeing a reversal here, to make a correction right to the next support at 1.22874. The Doji appeared at the resistance level related to the previous down fall before the FED chairman spoke yesterday. Also, Stochastich RSI shows an Overbought condition in this...
As the price reaches EMA 50 and resistance, it's interesting to see what would happen next! I mean, that was a very straight spear heading up.
It seemed that it was going upwards, but it turned into a failed breakout above the monthly channel resistance, now SELL SELL SELL!
Zig Zag correction is about to finish to probably start another huge drop down. It's finishing wave 5 of C. Stay alert for the price breaking below wave 4, which means it would go deeper
It seems that Wave 4 is about to be completed and then it's going to start a rally to fulfill 5. There's a major support zone ahead so we expect a bounce on the 50% retracement of the main trend seen on weekly chart, which also corresponds to previous support zones as seen in chart. Wave 4 is a flat correction.
As pullback touches previous range's bottom line finds resistance to go south, heading to important support down there.
Stochastic confirms oversold status and willing to go upside. MACD growing upwards and proximates signal crossing. Long opportunity. Any comment is welcome.
C wave is reaching its final point but it has to finish the corrective 3-4 wave before it continues to fulfill wave 5 and touch the yearly trend line. MACD and STOCHASTIC shows that corrective pattern hasn't end already, so wait for confirmation.