patricktapper

patricktapper

There is no catalyst yet for a reversal on the VIX. However, we aren't far away from a long term supply area at the beginning of the year. While I expect more bullish movement, the supply line is where it could get interesting and reverse. We would need to see less demand volume and rejection of highs at this level to consider a change in direction. That said,...

patricktapper

Low volume on this last move. Needs a lot of volume to breakout. Beware of a false break and upthrust to reverse this move on low volume. Buyers are getting thin right at this point.

patricktapper

Looking at these supply lines as first points of resistance. Market may chop around after reaching them. Bias is still to the down side.

patricktapper

Looking at these Wyckoff supply lines as resistance in the first instance.

patricktapper Updated 

Possible reversal from these levels

patricktapper

Marked with lines

patricktapper

RESISTANCE AT SUPPLY LINE. VOLUME DOES NOT SUPPORT A BIG UP MOVE - AT THE MOMENT

patricktapper

Resistance at supply line. This may hold any further up move.

patricktapper

Looking for a short term rally from here.

patricktapper

Doesn't look healthy ;(

patricktapper

Huge accumulation here!

patricktapper

Watch the 62 level

patricktapper

It's all on the chart. Huge accumulation on the downside before this move up - should see the AUD go higher at least for a while

patricktapper

Bear rally in position to start

patricktapper

Expecting a breakout on Monday. In accumulation phase ready for markup.

patricktapper

Bull trap or wash and rinse trade on Bitcoin 3.36% this week. Look for short opps if price fails and drops from this resistance. There is no demand volume

patricktapper

Needs a solid close above the resistance line, otherwise its heading lower from the close on Friday

patricktapper

Now we can see diminishing supply (negative volume) and a breakout of the trendline on the 240 min. We will need a daily close above the resistance to be confident this rally will continue (with increased demand - positive volume)