Video #2: More Sideways Between $4,040 & $3,990 Till the Weekend
At the beginning of this video, we had a look at moving averages in the Weekly TF. We saw in 2015 the 200 MA was acting as support and the 140 MA was acting as Resistance. Present Day, the 200 MA is acting as support and the 166 MA (white with little crosses) is acting as resistance. Could we make it up to the 140 MA (Blue with little crosses) in the Weekly, Present Day? We'll need to see what the 6h, 9h, 12h, 18h, 24h, and 48h time frames look like by end of day today and end of day tomorrow to get an idea of the probability or lack thereof.
Currently, in the 30 minute time frame, it appears we may see upward pressure until the Blue LSMA reaches the 80% level before it then turns back down. The Phoenix ARI may make it to 100% level in the 30 minute. If it does, the Blue LSMA in Godmode may make it to the 80% level before we come back down to begin another "S" curve in sideways trading action.
Bottom Line: It appears we are maintaining upward pressure in the higher time frames for support while continuing with our sideways action in a tight trading range between $3,990 and $4,040.
We COULD begin our move up today before the current Daily Candle completes to go where-ever it is we will go before turning back down on Sunday, March 31, 2019 or Monday, April 1, 2019.
I'm following up with ANOTHER VIDEO shortly with focus on Wyckoff Method.
Currently, in the 30 minute time frame, it appears we may see upward pressure until the Blue LSMA reaches the 80% level before it then turns back down. The Phoenix ARI may make it to 100% level in the 30 minute. If it does, the Blue LSMA in Godmode may make it to the 80% level before we come back down to begin another "S" curve in sideways trading action.
Bottom Line: It appears we are maintaining upward pressure in the higher time frames for support while continuing with our sideways action in a tight trading range between $3,990 and $4,040.
We COULD begin our move up today before the current Daily Candle completes to go where-ever it is we will go before turning back down on Sunday, March 31, 2019 or Monday, April 1, 2019.
I'm following up with ANOTHER VIDEO shortly with focus on Wyckoff Method.
Comment:
Comment:
I've also mentioned if we go higher than $4,265 before our fall to test support, THAT would be our first signal of a potential Wyckoff Spring in the making to begin in May or June INSTEAD OF August/September. However, we do not have to go above $4,265 for a Wyckoff Spring to begin in May/June. It would simply make the possibility MORE OBVIOUS if it were to go above $4,265 before our fall to test support.
Comment:
Comment:
The top on THIS run up in the 6h time frame may have been reached ALREADY. However, I do see a CHANCE for one more push up before a fall locally in the 3h and 6h time frame. The 12h time frame also shows a CHANCE for more room to go up if you had a look at current location of the Red RSI in the 12h. However, the Phoenix ARI in the 12h has turned down. Will it stay down during the remaining 11 hours 38 minutes of this current 12h candle? Hard to say.
I'll do a video publication very soon. Still drinking coffee to wake up.
I'll do a video publication very soon. Still drinking coffee to wake up.
