Market is behaving predictable, volatility is returning to close 20S in a channel formation.
Resistance was technical and held well. The bull are gaining momentum. So momentum should carry for bull confirmation even if it means the price volatility decrease next few days.
Price projection to look forward in the points of interest: 19 and 17 15
The next bear cycle will start at reversal. Support lines are a good start to fish for shorts position relative to SPY.
If volatility increases next levels are : 23 or 27
Machines will use sub 20 as a signal or even lower numbers as everything is back to normal.
Good luck everyone ;)
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you, Ajion
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Forgot to add 1 more line for a bounce for this soft support line. Trouble in France can still create negative annotation for 2019 as market maybe celebrating too soon, things have not yet been resolved. Just to have another possibility of events affecting a price direction.
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I believe we maybe opening tomorrow in above 20 again. Bull may have just been aborted?