Appyfella

Appyfella

My original thought yesterday with that blue rising trend line being broken is showing that the short term bull run has ended was good after all. Just questioned the way those bulls were trying with all their might to get it back over but have failed. Next test downward is the area around the 61.8% retrace and the middle of the downward channel (red dotted...

Appyfella Updated 

With the rising trend line broken on the 4hr I have moved my Fib Retrace to the 17th Jan low and 28th Jan high Bull run. The break below the rising trend line, to me, signals this bull run has now complete and the bears are back in play. Looking to return back down to around the 61.8% line for a possible small bounce back. A break back above the rising blue trend...

Appyfella Updated 

I am waiting to see what the raising trend line has in store for us on the 4hr chart. A confirmed candle close below will see a possible drop to the 38.2% line (Fibs drawn for retracement from the late December to the January 13 High) A closed candle bounce off of the rising trend line and above could see a retest of the 78.6% line A closed candle back above the...

Appyfella Updated 

This is just my take on things at the moment. I feel we will see a rise to the 0.618 Fib line where it will bounce off for another test of the rising trend line. A confirmed break above the 0.618 line may see another test of the all time high. This is just my own person thought and in no way should be construed as a buy/sell