A bullish spring with high volume appeared on 20th Mar 2017
A bullish spring has formed with comparatively high volume on 13th Mar 2017
A very wide bullish spring on 7th Nov 2016, followed by another spring on 27th Feb 2017 with higher volume, signals an impending bullish reversal to the current bearish trend
Another bullish spring has been formed on 20th Feb 2017, following the previous spring on 16th May 2016
After spring, USDPLN most likely continue up to 4.3 to upper line of trend channel and upthrust last high. It can be about FOMC next week.
Today London session tested yesterday spring. Market can go higher.
Election day - shakeout. Then, we had a small correction, ended with spring. Most likely USD will go higher.
- After trying to establish a new downtrend the plunge stops on point " 1 ". - From there we went back into the trading range " a/b " and tested the upper line. - From there we went back to the supportlin " b " (potential axisline). - Here we formed out a SPRING . It it likely that the price moves back to the upper side of the trading range. - Today bar is also...
The latest intra-day candle in Encana seems to demonstrate a classic Wyckoff spring at a support level. There seem to be willing buyers below the current support level. This looks like a pullback in a trending stock to be bought.