Bearish pressure here, look for price to decline from these levels
We are looking for a rise from this point, price has consolidated for quite some time and is ready to make a push imo
Here we see that price has consolidated from a 3 push high and a 50% retrace, looking to time the next run to the next level, with a buy bias following a reaction of the 2 x 1 gann fann.
Here we have established a 'Peak Formation Low' a few days ago, since then price has been moving sideways soaking up orders for the next move up to Level 2, Price has reacted to the 1x4 and is ready to make new highs.
Here we noticed price has traversed down to the 1 x 4, and also presented an inverse head and shoulders, looking for price to rise from here. Simple.
We have found a good reaction to the 1 x 4 parallel, we should see higher prices from here.
Here we are presented with a long opportunity, we will wait a couple of days for OTE on the Gann Fan Line.
Here we see price has advanced in 3 pushes, exactly 50% of the previous move. It's also inline with the 2x1 gann fann which we could use as a trailing stop loss.
Here we see that price has progressed to level 2 in 3 pushes to level 1 and an additional 3 pushes to level 2 as marked on the chart. We are looking for price to rise to level 3
Level 1 & 2 clearly established, looking for a confirmed double or triple top before shorting.
Classic market pattern where they create range to induce buyers and sellers then shake them out of their trade pushing price lower first and then higher before continuing on.
We are at level 2, whether price advances to level 3 will wait and see given the W formation at level 1, overall I expect price to drop in the coming weeks
Looking for a rise after 3 Levels down.
I think the 3 level down cycle is complete, and we are in the midst of skewed H&S bottom, price to rise up to level 2 as indicated.
Peak formation W has presented as per my previous chart, Level 1 in new cycle has presented looking for price to move up to Level 2
Two previous levels have been established, upside potential.