Dennisj86

Dennisj86

We still dont have a close outside of the lowest red candle. On top we are at a resist right now and not enough trading volume to break through, which can change pretty fast (duh!) 3 wave correction seems to be finished, a very weak one. the next 12 hours should tend to be red. But we have to wait before thinking about moving up or down any further then this...

Dennisj86

Algorithm did not provide a close outside of range candle. -> collecting shorts or longs. Death cross 50/200 in M30 (which is a 50/100 DC in H1) could be a sign for a further correction. In the backbround you notice the weekly Fib, which starts March 7th Low. Algorithm tested it twice, so it is programmed to consider it. If the algo is following Fib this...

Dennisj86

We can see multiple HH and HL. Current candle did a retest of the last movement that reached a new HH. Sign for day traders to jump onto the train. A new HH is incoming.