Looking for pivot points and potential entry zones with candlestick patterns near the shapes. Will post updates.
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The market followed the green curve on the up with a candlestick shadow at the upper side of the ellipse. Don't know if there is more gas in the tank for the bulls but I see no short signal yet, the way this daily candle is presenting itself.
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Interesting drop from the edge of the ellipse.
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Interesting bounce at the nearest BLOB.
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We already had 2 pivot points at he 2 ellipses, the long grey one and the white one bellow it. After avoiding the orange curve on the right we have a high now at the grey curve which used to act as a support in the past. Will this shape still matter now? Will the orange hold if the price goes lower? Looking forward to see the future price action near the shapes. Still looking for pivot points.
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The grey arc did the job becoming from support a resistance. Price dropped and we are now at the orange. Don't know if it holds.
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Interestingly enough the orange arc has acted like a support so far.
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Another rebound at the grey curve.
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The price really bounced from the orange curve. After piercing the grey one and leaving it behind we are now under the big curve and the big white ellipse. Looking forward to see any more concrete bounces from the shapes. This might get interesting until the end of the drawing. Thanks for watching and for the boosts.
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The price bounced with a bearish engulfing and another continuation bearish candle from the big grey curve from above. Don't know where the next pivot point is but I will be having an eye on the price action near the shapes that stand in the path of the market direction.
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I don't know if this is stop loss hunting but it looks like we are heading towards the white ellipse which should be interesting. Even if the price goes inside it there might still be some shadows at the shapes in this drawing left. Looking at this drawing ignoring the grey shapes, everything looks different.
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I like the bearish candle from today and it seems like the price bounced from the grey ellipse, but the could still be bull movement tomorrow. Maybe an intraday short if the opportunity arises with a potential pivot point on the 4h chart.
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Bullish candles inside the blue ellipse. Potential pivot point. Stop loss should be around 157 for the long.
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Pivot point confirmed. Stop Loss can be moved at entry point for break even (previous daily candle close) or just below the low of today's candle.
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With today's high above 159 the stop loss can be moved just below today's low, somewhere around 158.48. Entry was around 158, depending on the entry right before the close.
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First bearish candle in the white ellipse after a green wave of a few days, and it's a long one. Out of the trade with a small profit and this could be another signal/pivot point but the short would require a 120 pips stop loss at 160.
I am waiting for another pivot point at one of the shapes. Don't know which one. Maybe the orange or the white retested.
I am waiting for another pivot point at one of the shapes. Don't know which one. Maybe the orange or the white retested.
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Looks like another potential short term pivot point at the other end of the first blue ellipse. The price is already near the upper white ellipse so any new bearish daily candle hear could be another potential pivot point. The price has been bouncing between 157 and 160 for almost a month now.
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Bounced between the first blue ellipse and the white two times. Looks like another potential pivot point at the white with the bearish candle for today.
An interesting coincidence is that at the time stamp of the blue thumbs up on 1st September, the price had a pivot point right at the end of the blue ellipse.
At least another interesting pivot point at one of the shapes (most likely colored or white) is expected in this project. Maybe somewhere at the end of it.
An interesting coincidence is that at the time stamp of the blue thumbs up on 1st September, the price had a pivot point right at the end of the blue ellipse.
At least another interesting pivot point at one of the shapes (most likely colored or white) is expected in this project. Maybe somewhere at the end of it.
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I wasn't expecting this. After holding for so long along the grey long curve that seemed to act as a support in that downward channel, looks like the lower edge of the second white ellipse has become a potential temporary support. I would be very surprised if this is the last pivot point at a shape in this project.
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Another bounce from the lower edge of the white ellipse. This was already getting old, but the ellipse is over. There could be at least one more bounce from one of the shapes left.
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Huge bearish engulfing at the end of the white ellipse and another one pointing down lurking below. Any more coincidences in this one?
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Candlestick shadow at the white ellipse, close at the grey arc and a bounce from it the next day. Surprising stuff. Will the white ellipse drag this down or does the grey arc still hold this on for more?
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Snapshot with highlighted pivot points, rebounds/bounces from this project. Not much left in sight, don't know if anything else will pop up or down at the remaining big grey curve.
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Interesting price action at the end of the project at the grey curve.
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