Hard to pick the right candles for an entry (price action signals examples highlighted on chart), but sometimes it can be easier with a little help from the matrix. Let's see how this plays out. Looking for patterns near the marked dates (whole day counts) or near the price levels. I also drew two pathways that I would cherry pick from the infinity of potentials. Looks better than it should. This ride might get bumpy. :)
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Unfortunately I did not consider this as a strong signal, even though it was at the marked level, because of the previous big bearish engulfing, also at the marked level. Would have been a good entry point.
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The turning point looks much better on the daily chart.
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Second candlestick shadow at the marked level but I still don't feel like selling. Staying away from fear of missing out.
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Pierced the resistance level with the candlestick close higher than it and never looked back.
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Decent resistance level. Some cashing in. Doesn't look like the end of the wave though. Yet.
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The 2.79 level was a bull killer, at least for now. Another orange time stamp waiting for us in the very near future on the chart. This could get interesting. Will we see another reversal in direction or a big surprise at the flag? This could get interesting.
Second long bearish candle with a lower high might make bears gain momentum and confidence but I doubt I will join them in this battle for space on the chart.
Second long bearish candle with a lower high might make bears gain momentum and confidence but I doubt I will join them in this battle for space on the chart.
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The red man was not a prediction. In case the price hits him it's just a coincidence just like the other events at the lines. Good luck and good bye. Last update.