Based on my analysis: Since my last idea, It seems the Bulls are fighting back. wanting to go back in the channel and move forward also. That is the case
It's seems a real move up, since I saw in the S4W mirror/stop an uncommon pattern (drawn in the box on graph). Most of the times, when we have 2 hills of the same color there, the second is always lower than the first. But not on that case. That means an ignition occurring.
BUT, let's don't chant too soon for a rally. There is 2 breaks here on that up move.
- First, the S4W compression indicator, is till in compression mode, not expanding yet.
- Secondly, did you see that huge green candle, it exactly points to FIBO 0.786. Saying: "I'll be back there". I have a theory on that move, but not all parameters are yet in-place for that down move to occur. So I'll watch for the missing parameter that will confirm the down move. I would say price will go back to FIBO 0.786 (6110 USD) at 40% chance right now.
About the S4W compression indicator, I've added a ROC indicator, to see how far is the S4w/compressor is about to expand. As you can see the purple line is starting to move above 0. So the expansion is near. And if it expands, there will be a big move. For how long, I don't know at all though.
The price really get out of the box (the channel I've draw) on Sept 17th, and went down. But that was not a big move, because the S4W Mirror/stop indicator detected the STOP at the crossing of the horizontal gray line, as shown on graph, so not a real big move down. The red hill should have expanded more, to ignite a real move down. By chance, it was not the case, the price went up after the STOP occurred.
I surely forgot to say something on this.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. thx
It's seems a real move up, since I saw in the S4W mirror/stop an uncommon pattern (drawn in the box on graph). Most of the times, when we have 2 hills of the same color there, the second is always lower than the first. But not on that case. That means an ignition occurring.
BUT, let's don't chant too soon for a rally. There is 2 breaks here on that up move.
- First, the S4W compression indicator, is till in compression mode, not expanding yet.
- Secondly, did you see that huge green candle, it exactly points to FIBO 0.786. Saying: "I'll be back there". I have a theory on that move, but not all parameters are yet in-place for that down move to occur. So I'll watch for the missing parameter that will confirm the down move. I would say price will go back to FIBO 0.786 (6110 USD) at 40% chance right now.
About the S4W compression indicator, I've added a ROC indicator, to see how far is the S4w/compressor is about to expand. As you can see the purple line is starting to move above 0. So the expansion is near. And if it expands, there will be a big move. For how long, I don't know at all though.
The price really get out of the box (the channel I've draw) on Sept 17th, and went down. But that was not a big move, because the S4W Mirror/stop indicator detected the STOP at the crossing of the horizontal gray line, as shown on graph, so not a real big move down. The red hill should have expanded more, to ignite a real move down. By chance, it was not the case, the price went up after the STOP occurred.
I surely forgot to say something on this.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. thx