Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
Green lines represent the 10-month channel for price action, which it is currently at the bottom of. Note the volume by price on the right with the 2 light blue dotted lines. The top line reflects the price of most volume during this channel and the bottom is a high volume node. Both of these price points should have strong price memory with investors feeling...
Expecting huge Commodity shift in the next coming days We are sitting on the bottom of the Apocalypse Band our larges band on the hourly chart which means in the next 10-15 days there should be a very nice bounce as we attempt to revert to the mean of the Arbitrage Band our smallest band.