Pattern: Bullish Megaphone on 1W.
Signal: Bullish as the price is consolidating on the MA200.
Target: 5.2000 (just below the Resistance).
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Previous GBPPLN signals:
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Pattern: Channel Up on 1D.
Signal: Bearish as the pattern made a Higher High and is descending towards the Higher Low trend line. The RSI is also on a Descending trend line.
Target: 5.035 (around -3.90% from the High, similar to the weakest drop after an RSI Lower High).
Pattern: Consolidation on 1D.
Signal: Bullish as this consolidation near the 1W Support is usually a bullish reversal formation.
Target: 4.9500 (the 1st 1D Resistance).
