loliokay

loliokay Updated 

double bottoms look similar to a W shape, and this one does. the first time price has failed to break the support level at 30.00 which is the first circle. thus if the second price fails to break support again at 30.00 the second time. then the market will possibly shift to an uptrend. Note: Price does not necessarily have to respect the support level at 30.00 to...

loliokay

TREND CONFIRMATION: There the initial trend was bearish uptrend this is indicated by the 200 EMA and trendline. (YES) PATTERN INDICATION: This reversal chart pattern emerges as the buying activity declines and the market fails to create new highs, shown by the downward slope with price creating a new LH. Given that support levels become weaker as it gets tested...

loliokay

how does the template look, I recommend choosing colours that are not too bright, I use black candlesticks due to psychological reasons; as I take into account the bearishness of price and it becomes less subjective and more price actiony. I also recommend using a dark theme which is a chrome extension, to reduce blue light being emitted, this combination well...

loliokay

The circles indicate around 3 retests on the bolded support and seem more reliable than the bolded resistance which has two. price may possibly break through support, and go bearish. this is not financial advice so don't take this as an incentive. fell free to share ideas.

loliokay

The golden box connotates a small contraction on the 15min time frame. where the price is approaching the support level of 1,91.8250. We may see possible bearish movement downward if price surpasses that level. The black shows an uptrend where price may surpass the level and even to the 2000's price range if price breaks through the resistance level which is the...

loliokay

The golden box i.e where the price is consolidating. when the market opens, if the price breaks below the resistance level, then we may see price falling. Another confluence is where a shooting price was identified after an aggressive uptrend. So, the price may reverse, this is confirmed with the fall in price after the shooting star. This is not financial...