Price is starting out today drifting lower. Look to see if price can continue down to at least the 2450 area in the next few days.
Price has formed a V after coming off of the pink median line, and has now again showed frequency by testing and retesting the upper pink median line. Look to see if price can stay stalled here and will continue down to the marked middle median line again.
Price reached a long term resistance level where we already see a rejection, with sellers taking action. Going short from current level with sl and tp as shown in the chart is a very nice idea. As always all my setups offer great risk/reward ratio - at least a 3:1.
Price is being rejected at the upper parallel of a downsloping median line set. That's a nice opportunity going short with sl and tp as shown in the chart
Price has broken below the lower parallel of the median line, it has pulled back to test the level where it seems we have a rejection. Going short with sl and tp as shown in the chart is a nice idea.
Price has broken the large blue up fork, and we are now retesting the break. Look to see if price can hold here at resistance, and continue further down. I am thinking because of the large down bar last week that we do have a chance to break down farther to 2400.
Price has risen since hitting 2431 and is forming a V formation. Look to see if price hits resistance here or a little higher at the marked sliding parallel.
Price has stopped at 2431 which was previous resistance. Look to see if price can come up to the middle median line, and continue to follow down after hitting resistance.
Price has landed on the median line as predicted. Look to see if price will come up to the 2450 area as resistance, and drop again.
Price hit WL2 and fell which is not supprising as it has hit before and with good reaction. We have now dropped back into the downward pink fork and are following the frequency there. I would not be suprised if price wint up to the blue WL1 and then fell more perhaps to 2450 or lower
Price has dropped from 2480 area, and is now trying to go for 2451 and the blue median line as support. If we break 2451 you could see a possible retest of 2400. Price should have a small bounce on this median line at least.
Price has dropped sharply after trying to break the 2480 area. We are seeing a possible sell off which could be stronger if 2462 and 2451 are broken. Also look to the sliding paralalles which have confirmed this fork to the downside.
Price has hit resistance near 2478, and is deciding to break through and go up or not. Look to see if price will travel down following the pink median line fork.
Price is hitting resistance now. Look to see if we can break through or not. If we can break through look for the next sliding parallel as resistance. If we drop, look for 2450 area as support.
Price is having a hard time to break the resistance here at 2478. Look to see what price does when it hits the wl1 of the pink down fork.
I have added again the yellow modified schiff, as it has had nice touches on both the upper median line parallel, as well as the warning lines. Price has climbed up to 2480 area. Look to see if price will come down again to test the pink upper median line parallel. Look to see a possible breakout as we have been in a range for some time.
Price is trying to break the 2480 area, but we do have a couple retests now on the upper yellow median line. Look to see if price will stay here, or if we could see a break down and a break lower below the pink trend line, which is also a loose sliding parallel.
Price is following the sliding parallel still, and is trying to break resistance near 2480. Look to see if we can break resistance or if we will just fall from here and stay in a coil.