1. I don't see any bottom signal, but 5min, 15min and 30min ready to retrace up
only 1h is still bearish
2. monitoring 1968 to form mini double bottom then up to 1977 to create a bigger double bottom later in the bigger time frame
3. but once again, I don't see any bottom signal at all
so it could straight to 1959 or 1962 and slowly later to 1959
alternative can extend to 1955 but dropping to 1955 could ruin the double bottom
and switch too bullish divergence (higher low) which is harder to analyze
only 1h is still bearish
2. monitoring 1968 to form mini double bottom then up to 1977 to create a bigger double bottom later in the bigger time frame
3. but once again, I don't see any bottom signal at all
so it could straight to 1959 or 1962 and slowly later to 1959
alternative can extend to 1955 but dropping to 1955 could ruin the double bottom
and switch too bullish divergence (higher low) which is harder to analyze
Comment:
it's more valid to see 1980 retest, but 1980 really high, it might ruin small TF bearish trend, so I don't know will it hit 1980 or not, but I will update again later and analyze is it possible to hit 1980 and can drop to 1959 and add it to my experience for other TA
Comment:
now lets see weekly TF
1. it's possible to drop under 1957
1. it's possible to drop under 1957
Comment:
and also possible to drop to 1946 and 1925
but let's check daily TF too
but let's check daily TF too
Comment:
daily also confirm 1946 as next support
and see 1977 or 1980 as important support resistance, but based on daily candle it might be hard to retest 1977-1980 right now
and see 1977 or 1980 as important support resistance, but based on daily candle it might be hard to retest 1977-1980 right now
Comment:
this is the reason why I said I don't see the bottom signal, because PA making a lower low with all 3 indicators also form a lower low
4h might show a bullish trend if retest 1976
4h might show a bullish trend if retest 1976
Comment:
no bottom signal on 1h TF too and 1H TF see 1976 important resistance to break to start bullish trend
Comment:
it starting to get interesting on 30min TF
1. looks like bottomed on 30min because prolonged bottomed indicator
2. there 3 resistance can be retested 1971, 1974 and 1976
1. looks like bottomed on 30min because prolonged bottomed indicator
2. there 3 resistance can be retested 1971, 1974 and 1976
Comment:
here 15min TF (which can be reliable but can also be annoying
it form double bottom can see 1972-1973 retest needed to continue bearish trend again later
it form double bottom can see 1972-1973 retest needed to continue bearish trend again later
Comment:
but in the end it all about
1. price cannot break 1980 resistance to continue bearish trend
2. support retest to 1959 or 1946 important for daily
1. price cannot break 1980 resistance to continue bearish trend
2. support retest to 1959 or 1946 important for daily
Comment:
but in the end it all about
1. price cannot break 1980 resistance to continue bearish trend
2. support retest to 1959 or 1946 important for daily
3. no bottom signal yet, any lower low must be continue to analyze, but can use 1977 retest or 1980 retest as first bullish signal
1. price cannot break 1980 resistance to continue bearish trend
2. support retest to 1959 or 1946 important for daily
3. no bottom signal yet, any lower low must be continue to analyze, but can use 1977 retest or 1980 retest as first bullish signal
Comment:
1968 failed as support, waiting 1960 retest or 1954