BC= Retracement (eventually already finished (C-Point))
CD= Push (next expected target (D-Point))
In this sense - good luck to all of you!
mophi
And please remember. Act according to your own plan. These are ideas to the best of my knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
CD= Push (next expected target (D-Point))
In this sense - good luck to all of you!
mophi
And please remember. Act according to your own plan. These are ideas to the best of my knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
Comment:
I think, this could be achieved in short time. ;)
Comment:
Yesterday's retracement so far. Volume range viewed on a 5 minute basis.
• Red line (POC-Line) = Point of control or the price level with the most volume .
• Yellow and blue rows = Up volume and down volume for each price level.
• Shaded blue area = Selected volume profile area that's being shown. (Yesterday's retracement so far)
You can clearly see here where most of the volume takes place and buyers get back in after the start of the retracement.The red retracement with a target of 1.59 CAD is still intact from a technical perspective. Furthermore, we have other factors here that suggest that the retracement is soon completed. The daily EMA8 line is approaching the price and we have a short term UTL. How far or how long the retracement remains to be seen.
Probably we will see a sideways movement for now. Take a look at the previous idea here (related ideas). There we had something very similar.
• Red line (POC-Line) = Point of control or the price level with the most volume .
• Yellow and blue rows = Up volume and down volume for each price level.
• Shaded blue area = Selected volume profile area that's being shown. (Yesterday's retracement so far)
You can clearly see here where most of the volume takes place and buyers get back in after the start of the retracement.The red retracement with a target of 1.59 CAD is still intact from a technical perspective. Furthermore, we have other factors here that suggest that the retracement is soon completed. The daily EMA8 line is approaching the price and we have a short term UTL. How far or how long the retracement remains to be seen.
Probably we will see a sideways movement for now. Take a look at the previous idea here (related ideas). There we had something very similar.
Comment:
Looks like the market has found point C.
