Right guys it slipped my mind to pay my Pro account so I've been fighting pop-ups like a madman to bring you this analysis. Lets get going.
WEEKLY
#A -In #A we can see a rally on (slightly) declining volume after a bounce of the 18055 mark. Looking down at the DMI indicator it looks like its more a case of the bears losing power than the bulls convincingly overpowering them.
#B -In section #B, We have a sudden drop in volume, a subsequent rally in volume, but price not reflecting the same action, and seems to be milling. The DMI indicator shows no clear winner, even with volume increasing massively.
#C -A rally, on the back of heavy declining volume -The DMI Iis showing a spike in +DI, but is seems so be more because of a lack of bears (-DI) than convincing bulls.
LOOKING CLOSER TO THE DAILY TIMEFRAME:
#D -In #D we have the collapse in volume, followed by the extreme rally in volume we observed in the Weekly chart. -(1) I think is of quite some importance: Here we have a spike in volume, with a green candle with a long upper wick - this means that price went up substantially, with the bears beating it back down by almost 50% of the candle. Following that we have a uncertainty doji, and then a big red bar with very little volume, showing that the bears where able to push the price down from up high with minimal effort.
#E - Following this event, bears beat the price down to support, where is rallied with a somewhat convincing volume pattern, but looking down at the DMI it can be seen that it was another case of the bears giving it to the bulls rather than the bulls taking it.
#F - IN #F, we have event (2) , a candle that shows how the price went high, and was once again beat down substantially by the bears at a major supply zone - leading to a retest of demand on increasing volume (another sign of weakness)
#G - THE KICKER: a Major rally, on major declining volume, with the bulls showing major instability on the DMI at (3).
THANKS FOR THE READ EVERYONE - PLEASE COMMENT THOUGHTS, IDEAS, COMPLAINTS, PROBLEMS, OBJECTIONS OR SOLUTIONS.
Time to go pay that damn bill Oanda is driving me up the wall.
IN hindsight, I realize that the DMI might not have been the most reliable or objective indicator to have used, since the ADX was below 20 for most of my analysis, and the DMI is best suited for the analysis of trends, and not ranging prices.
R_ELEMA
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#D is the close up the the price milling that we observed on the weekly