Wondering how the future might unfold on this one after the recent fundamental news that affected most indices, we have the overall context picture on the daily chart with a downward curved channel that can be broken on the upside, in a scenario where a pivot point might occur somewhere near the second green rectangle with a push towards the 15200 in the marked time frame of the red line above. I find this scenario a bit unlikely, leaning towards a more sideways or even more bearish tone even if the (red) channel is broken upstairs.
Icons are potential price targets with time stamps. All rectangles are temporary or permanent support/resistance zones. The inclined long rectangle is a weird one, but I am looking to see if any bounces with long candlestick shadows appear somewhere at it. A
As usual with these projects, looking for pivot points, bounces, rebounds, reversals or turnarounds with Japanese Candlesticks Patterns.
Icons are potential price targets with time stamps. All rectangles are temporary or permanent support/resistance zones. The inclined long rectangle is a weird one, but I am looking to see if any bounces with long candlestick shadows appear somewhere at it. A
As usual with these projects, looking for pivot points, bounces, rebounds, reversals or turnarounds with Japanese Candlesticks Patterns.
Comment:
Potential reversal signal with the candlestick situation above the rectangle, but only if the day ends with the long bearish candle. Could be a decisive pivot point without another bull wave attempt like the scenarios in this snapshot.
