tionna03

tionna03

bullish counter-trend larger tf maintaining bearish structure

tionna03

if truly bearish, looking for 1H support to be broken and retested CONFLUENCE

tionna03

*bullish countertrend *38.2 or 61.8 fib level rejection

tionna03

• Neckline/support of double top was broken & PA had a bullish correction move that has come back to neckline • Just slightly higher than the neckline PA made an evening star formation // the formation is also along the prior daily support area 0.7140 • PA will need to move lower in order to continue bearish trend

tionna03

-4H intraday resistance will be a key area, if PA cannot break the area then PA will continue its bullish trend -if PA does break the "support" then on larger tf a LH has been made

tionna03

• pa has broken out of bullish channel and has since reached a weekly res level 0.73884 which in is confluence w/monthly TL being tocuhed - is this a slight pause (breather/correction) before reaching the next target zone .. pa already wicking resistance

tionna03

-W RES 0.7240 will be a key area -pa currently at the lower TL of bullish channel -pa has not broke the channel, latest closing was bullish which could lead to an upmove from lower TL 4h: -daily support 0.7140 and 4h key zone (orange/0.7125support-0.7135resistance) in confluence with each other *pa did not break either the zone or daily support level, pa instead...

tionna03

daily breakout move, retracement, continuation likely? -pa reached target area w/a wick // wick rejection from W RES 0.7240 (upper TL of bull channel) -a bullish channel added which explains daily sup 0.7140 4h: -daily support 0.7140 and 4h key zone (orange/0.7125support-0.7135resistance) in confluence with each other -W RES 0.7240 holding strong, pa tested 2x...

tionna03

daily breakout move, retracement, continuation likely? correction was small move w/wick retracement to HH broken or hasnt happened yet -daily support added 0.7140 either pa will pull back to daily support or resistance zone broken out of (prior HH) -daily fibs not quite filled but super close 4h: -2 HLs made and can use 0.7175 as a resistance point -4h SUP &...

tionna03

CONSOLIDATION RANGE MOVEMENT -consolidation along the RES range turned SUP -pa reached HH, wicked/rejected from prior monthly low -lower TL still active -pa reached high out of the small consolidation & is now testing that same consolidation range as a SUP level;(.6980 could be tricky coming up, which is acting as SUPPORT) 4h:CONFLUENCING FACTORS -RESISTANCE...

tionna03 Updated 

-is pa losing bullish momentum? pa looks to be consolidating in a small range along RES -possible bulish pennant but pa hasnt made any big movements 4h: -RESISTANCE ZONE IS KEY* BOTH GREEN RES ZONE & 4H RES AREA (PINK) -PA made a triple top in the RES (green) but now coming up on a support which is inside 4h RES area 15m: -pa consolidating

tionna03

Monthly: -support made in W SUP 0.6240 zone (LL) recent candle closing as bull inverted hammer like w/ wick to prior monthly low area w/o breaking -with market structure being bearish, the next LH should occur in the range of the prior monthly low (green) area -now pa is testing the area it will either remain a RESISTANCE & form a LH or pa will break thru RES...

tionna03 Updated 

expecting correction to go back all the way up to previous monthly LL (pink zone) right under M RES 0.6740 -pa has reached the previous SUP but doesnt look to be slowing down on bullish momo finding entry is the next step

tionna03 Updated 

m- pa has been continuing bearish *closed as a bear hammer w wick rejection from LOWs *pa has broken monthly lows which include SUP (prior HL) zone, W SUP 0.6240, a prior monthly low, & has wicked from M SUP 0.5730 -pa tested low region M SUPP leaving long lower wick -body of candle back in support zone which is W SUP 0.7240 range -overall pa has made a new...

tionna03 Updated 

LH confirmed at purple zone/ newly found RES -LL broken -pa now reaching a SUP zone (green) -pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel -will pa continue to move bearish or go ahead and form a low? -will pa be in a bull correction from reaching a sup level; if so big or small?

tionna03 Updated 

d/pa made a LH against fib level just didn't pull back as far as i expected (purple zone) -pa rejected all the way down to the lower end of the channel and hit TP 0.6350 & lower tl 4h/pa made a double top on RES/61.8 fib level 0.66295 -resume bearish trend? -look for a retrace to neckline to enter short

tionna03

*double top reversal * prices will retrace to test the support it broke *new H.L. should form

tionna03

*38.2 fib retracement target 1=0.7900 target 2=0.8100 -price broke 2 res 0.7660 made new H.H. -price should retest to form support/H.L.