Price is at resistance at as it has gapped up over the weekend to 2474 area. Look to see if price will hold here at resistance or finally try to break 2480 hard, and again try to retest the middle blue median line again.
Price has broken down, and gone back into the down ward sloping pink fork. Look to see if price can break 2450 and continue, and provide a retest of support as resistance. If not, we could see 2450 act as support again, and have new buyers try to come in and push price higher.
Price is coming off of the resistance line near 2480. Look to see if price will continue further down to the lower parallel channel, and see if price could possibly break it, as it seems that the current bar is pointing prices lower. If we break down look at the 2400 level as possible support, as well as the lower parallel channel line.
Price has broken down after hitting the sliding median line and going lower. Look to see if price can break 2456 hard and then 2450 area. We may come to retest the blue median line and pink median line energy point before going lower.
We have price coming up to test the sliding parallel of the downward sloping pink median line. Look to see if price can drop or if it will break to the upside to try to test 2480. 2456 and 2450 are important levels to look for to the downside.
Price has hit the median line parallel, as well as the blue middle median line, and has dropped into the pink median line again. Look to see if 2460 acts as resistance, if now, we should see a continuation higher following the blue median line again.
Price is now fallen again off of resistance around 2480, and has landed at 2450. Look to see if price can hold here and try to break again. If not, we should eventually either retest the blue median line again on the back, or break down lower under 2450 to go to 2400 again.
Price has bounced off of the lower median line, and is now following the next sliding parallel above it, as well as bounced off of the 2450 area. I drew in the pink down pointing median line to see if we have any resistance on it.
Price is following nicely the upward blue median line. We have multiple tests also on this recent sliding parallel. Look to see if price breaks 2463 or tryis to test again the 2480 area. The multiple tests on this sliding parallel could point to a retest of 2480.
Price has dropped from the energy point that I had marked which is not surprising as it was also resistance at the 2480 level. Look to see if price will hold here at 2463 or 2452 before trying another attempt to break the high.
Price has gone up to test the blue middle median line. Look now to see if price will retrace from here as it is also at the sliding parallel of the spike bar, and near major resistance of 2480.
Price has continued its run up higher breaking through the middle blue median line and is continuing higher to 2480. Look to see if price starts to slow down at 2480 and 2488.
Price has risen off of the test and retest of the bottom median line, and is now at prior resistance near 2465. we are following the path of the newly added blue median line nicely with tests, but no break as of yet on the middle median line. Look to see if the 2465 and the warning line 2 will hold as resistance, or if we break the middle median line and...
Price has risen after hitting the sliding parallel on the action reaction set and has broken through the 2450 resistance area. look to see if price will drop back below from here, or continue to rise up to the 2480 area to try to test resistance up there. We are still in a sideways up move from the looks of it until we break hard the 2420 and 2400 levels to the...
Price has risen all the way up to the top of the median line at the upper median line parallel. Look to see if price will hold here at resistance to give more selling opportunities as we may possibly come down to test at least 2451 from here.
We are looking at 2450 as resistance here. If price breaks to the upside, look for 2461 and the upper median line parallel as possible resistance points. On this time frame it looks like price could pull back a little maybe to near the 2440 area to show as possible support again.
Price has risen off the sliding parallel in the action reaction set to hit the 2450 level again. Lets see if this holds as a resistance point for another time and continue to drop to the 2400 area.
Price bounced off the lower median line nicely,filled the gap, and stalled at prior resistance near 2454. It looks like there is some new strength in the market on this time frame. We should see a drop to at least 2439-2444, then show some support somewhere in there.