Price has retouched the sliding parallel and showed resistance again. Look to see what price will do here. If we make a move to the upside, we have to break the sliding parallel and retest as support. If we are going to break down to 2480 area, we need a break of the blue line and retest on the way down.
Price has hit the sliding parallel and is moving up nicely to try to touch 2577 again. Look to see if price will break that level and retest as support to possible break out of the upper blue median line that is currently resistance. Notice how price bounced on the line that I had marked yesterday, so this was expected support.
Price has continued on bouncing from 2542 and has hit the upper median line again near 2577. Look to see if price will break to the upside and retest the blue line as support. Price is currently near resistance so see what it will do. We may also come down to test 2562 before as support.
Price has touched twice on the lower blue median line. Look to see if price continues higher and breaks the next sliding parallel that has been acting as resistance in the past.
I have drawn in the action reaction set to the upside. Price is contining to try to press igher than 2577. I have drawn in also the downsloping action reaction set to see if we get some movement on the upper line as resistance.
Price has dropped to the lower median line and touched and held as support again. Look to see if price moves higher from here. We are a bit over extended, so price needs to make new highs.
Price rose on support at 2541 area, and has broke above the sliding parallel again, so look to see if it holds as resistance and tries to push higher to 2577. We may start consolidating more if we can't get above 2577.
Price dropped and help support near 2541. We are retesting the back side of the sliding parallel, so see if price can rise above it. If not, we should see 2541 again, and then possible the middle median line retest
Price has come down to touch the lower blue median line. Look for price to hold here as support, but if it falls through look for the sliding parallel and 2481 to be the next support level.
Price continued to follow the path of the pink line, and has broken down to support at 2542. Price also tested the underside of the sliding parallel as marked, so look to see resistance near a sliding parallel, or a bit above as marked.
Price is at support near 2562. I have drawn in the down sloping pitchfork to show that we may continue downward on this path until we hit the next median line. Look to see if we continue down.
Price has continued to be at support here at 2562. Look to see if price continues to hold here and can rise, or if we break down to 2551 area.
Price has dropped and has landed on support at 2562. . Look to see if price tries again to go higher from here, or if we break down and show support at the median line again before going higher.
Price has broken higher and retested the upper blue median line and is now at warning line 1. Look to see if price will come back down again to retest the upper blue median line, and then continue higher.
Price has risen past the upper blue median line parallel. Look to see if we can continue higher again to the warning line 1. I have also drawn in the sliding parallel to show that we may come down to hit it again before continuing higher.
Price has continue higher and is now at the upper blue median line. This should be a resistance point before continuing upward. Look to see if price will come back down to the sliding parallel again.
Price is moving higher after touching the lower blue median line. We are now at the sliding parallel resistance again. Look to see what price shall do as we continue, if it can break the sliding parallel and continue higher or not.
Price dropped down to test the upper median line and held as support, and reversed to go to Warning Line 2. Price should continue in this trajectory, and may come back down to warning line 1 to test support again.