We can see there is a triangle, it looks like the triangle is already filled, since my view 2 more days and the breakout will be appearing, I have drawn the possible limits if the price goes down of up. Better to wait and monitoring the price at the moment of the breakout (keep an eye out for the volume and determine if the trend is strong or not.)
The Exponential Moving Average 30 period is indicating the trend is a bullish one. Moreover we can see it looks like there is a lining support, so at least the prices will be filling the figure drawn. The horizontal line works like an old resistance, so when the price is near to this line could be break it (for me it's the more probable to happen). Good time to...
Yesterday’s bar (2015-09-08) for me is kind of especial because most of the time after this type of bar, the following bar is like a Z bar(now we can see, at the moment of the writing, a bearish bear is forming, it looks like the final form of the bar will be like a Z, in the chart I drew how looks a Z bar). And when you find this type of bar after a bullish...
Until now the price has overcome the MAE30 and MAE7, nevertheless the transaction average volume50 hasn’t been overcome for the new bullish bars, and for me that doesn’t mean that a new trend has started out due to the volume hasn’t increased as great as to remain this rhythm of bullish bars, at least not for long, we could be talking about a bullish trend weak or...
I have found a pattern (red line) around November that really looks like at the red line around July, and now it suppose the green line is still forming. The MAE 30 periods support what I told you, because it is now indicating the trend is a bearish one. Moreover, there is a bearish leaning resistance, the price could be go up and down but always in a bearish...
It’s clear the figure the prices are creating is a triangle, it is standing out because of the leaning lines, then it looks like the price will be oscillating inside this figure until it is fill up.
The pattern I mentioned in the last chart continues to behave in the same way that the june pattern and the RSI indicator still is going up. Also the strong support (around 1355CNY), mentioned before, hasn’t been broken again, after August 25, therefore the perception, that we are in the pull back, increases. Moreover in the chart, we can find there are 2...
The both blue circles look like a pattern, moreover, like an argument to push this pattern, the RSI indicator has left the oversold zone. Therefore it suppose that when this indicator is out ,the pull back has started up. Yesterday, it looks like the support increased the level to 1357 CNY (orange line), at which we have established it, and now (at the moment...
The prices have broken under the first level of support of $1631. Nevertheless, there is one more strong support at the price $1303 (around). Therefore the price will continue going down, as well as the leaning line shows this movement is compelling. Moreover the prices have been entered to oversold zone related to RSI indicator. As we know once the price is...
The 30 periods EMA (Exponential Moving Average) is indicating the prices will continue going down for the following hours. Although the prices are extended from their "normal behavior" and even they always return to this behavior, mentioned before (which one is indicated for 30 periods EMA) ,there are another reason to support the prices are extended downward and...
It looks like at the price of 1337 there is a support that has been avoiding the price goes down since February. In general we are in bear tendency since last year even though, at the end of the year the prices started going up that looks to be temporary due to the MA's are getting close and if they cross each other means the tendency will change just to continue...