Here is what i see on a daily chart...a down trend that consists of a (1,2,3,4) runs & retraces and it already has shown to repeat itself twice.
- Measuring the firs Leg 1&2 with Fibonacci Retrace gives us retrace point at 61-50%, bouncing of an outer trend line.
- Measuring sequence of 1,2,3 with Fibonacci Extension gives us a second run 3&4 at 61% ($2.59),...
-October: bull closes inside previous bear
-November: no continuation on neither bull or bear positions.
-December: price drops lower closing with bear at the price area of previous 4 month. Hold price area at $1.55
Note: price will be fluctuating during a month time between $2.18 and $1.55 (for a small in and out day trades)
Bar tails indicates speculation on...
On my previous 1D post I highlighted a pattern within a downtrend channel. On this 1W chart those two patterns confirmed by reversal bearish bars (Engulfing candlestick and Evening Star) both are rejecting off 20 EMA.
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None of the information above constitutes any form of investment advice. All of the opinions expressed are solely personal and...
On this Daily chart a pattern is repeated within a downtrend channel. On a weekly chart those two patterns confirmed by reversal bearish bars, first being Engulfing candlestick and second being Evening Star candlestick both are rejecting off 20 EMA.
Expectations to the downside.
*RISK DISCLAIMER*
None of the information above constitutes any form of...
