Hey Traders 👋 😉
Looking at this area as a possibility for a bounce. the markets do not move in a straight line as they say. If we can break 12150 I would see that as hope to test the 12450 zone. (which, I believe, was previously our support)
Looking at the Dow Jones Index I believe that a temporary move to the upside has been confirmed.
I must use this chart as I can't share my personal chart NQ1! but it is really the same difference. I just don't have to hide my charting techniques and fibonacci retracements, channels & drawings.
First, a series of lower lows starting in late January, culminating in a bottom near in mid-2021. Then notice that prices formed a hammer candlestick and bounced. Followed closely by another gain on Q4. That suggests lumber has established a higher low – the first step toward potentially resuming its uptrend. It could also be consistent with resolving a bullish move to the upside.
Second, the March of the Knight's and May bounces occurred at this very important indicator that began in the last month. (In white on the chart)
Interestingly, this line closely tracks price action giving it even more significance.
Third, stochastics, rsi , & macd have dipped into an oversold condition. We have bounced under similar conditions (for example, late September or early October).
Spx es1! nq1! dxy btcusd btc1!
Please check out my modus operandi, my magnum opus, my war and peace. My chef-d'oeuvre masterpiece, my great work. My, soon to be, crowning achievement. My piece-de-resistance. You will find it linked below. Have a look, have a cigar, leave a like. Leave a trademark TradingView troll comment. It's a guide to the spx . 😉
Comments????
Something Something encouraging and insightful. Something Something Let's master the markets together. slava kievan rus
Looking at this area as a possibility for a bounce. the markets do not move in a straight line as they say. If we can break 12150 I would see that as hope to test the 12450 zone. (which, I believe, was previously our support)
Looking at the Dow Jones Index I believe that a temporary move to the upside has been confirmed.
I must use this chart as I can't share my personal chart NQ1! but it is really the same difference. I just don't have to hide my charting techniques and fibonacci retracements, channels & drawings.
First, a series of lower lows starting in late January, culminating in a bottom near in mid-2021. Then notice that prices formed a hammer candlestick and bounced. Followed closely by another gain on Q4. That suggests lumber has established a higher low – the first step toward potentially resuming its uptrend. It could also be consistent with resolving a bullish move to the upside.
Second, the March of the Knight's and May bounces occurred at this very important indicator that began in the last month. (In white on the chart)
Interestingly, this line closely tracks price action giving it even more significance.
Third, stochastics, rsi , & macd have dipped into an oversold condition. We have bounced under similar conditions (for example, late September or early October).
Spx es1! nq1! dxy btcusd btc1!
Please check out my modus operandi, my magnum opus, my war and peace. My chef-d'oeuvre masterpiece, my great work. My, soon to be, crowning achievement. My piece-de-resistance. You will find it linked below. Have a look, have a cigar, leave a like. Leave a trademark TradingView troll comment. It's a guide to the spx . 😉
Comments????
Something Something encouraging and insightful. Something Something Let's master the markets together. slava kievan rus
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