As I couldn't match a pitchfork correctly for this log scale trend, so then decided to Make own channel manually out of an older trend. Placed the mane lines, measured them with fib channels to draw other continual channel lines which would mach the pattern so We could try to predict the next tops/bottoms of this awesome trend. What do you think of this channel?...
Price hit near the area that I had marked and continued up past prior resitance at 2439. If we can break the WL1 area strongly we willl continue to WL2 near 2477 probably early next week. We are at a possible resistance area here.
Price has touched the middle median line multiple times and now has come up and retracing back down to minor support at 2427. Look to see if price holds here or falls back to middle median line for a potential buy opportunity.
Price has bounced on the WL1 as mentioned in last Fridays post onthe 60 minute time frame. We could see a continuation higher to retest the back of the lower blue median line, but watch closely this area to see if price will stall. I am thinking price will come bock down a bit to maybe the 2394-296 area before showing if it will continue, but one thing is for...
Price has bounced from the 2388 level and is trying to hold, however we are hitting the sliding parallels that have captured some of the lows as resistance. If we break 288 hard you could look as a retest of that level as potential downside trigger, as well as the break of 2377. We must stay above 2394 and try again to break 2400 area and retest as support to...
