Price still in major uptrend. Smaller time frames creating bullish pennant on weekly for breakout and strong continuation.
Inside Strong Daily Resistance zone. Possible top of second leg forming for Daily M. Expecting price to break trend and return back down to bottom.
Just did some research on patterns. GJ looked like something just didn't know what on Daily. After researching I was able to identify what pattern it is. The Cypher Pattern. Definitely an impulse bullish move setup. Now I have more confluence in my trade setup I marked previously on the 4H.
Inverse Head & Shoulders on 4H. If price can complete this pattern by the end of week and remain in the area weekly candle will be a big bullish hammer. Indicating possible strong trend continuation for swing move. Price has some resistance obstacles to break though to complete pattern. Has to break small 4H trend line, daily resistance (151.359) and the 50 EMA .
Bullish divergence on 30 min indicating reversal/pullback. Price made Engulfing on 30 min confirming reversal/indication.
Price is still making its way down back to bottom of daily pennant / trend line. Where S1 and S2 is marked. Marked are possible pivot and small trend line areas of possible support and resistance.
Possible Pivot areas marked using pivot traditional indicator (15 min for intraday pivot levels). 4H has buying pressure and currently forming a W. If pattern holds looking for 152.600. If price continues down looking for strong rejection from one of the support levels near the bottom of the daily pennant.
Waiting to see if price holds bullish pattern. May break 35000 before doing a pullback.
Possible Head and Shoulder if 4H closes bearish. Price will test pennant trend line area and have a strong rejection creating another weekly sellers exhaustion.
Price currently at bottom of monthly zone. Weekly sellers exhaustion. Creating a reversal pattern on 4H. Also Bullish divergence on 4H. Expecting price to break out of pattern and reach TP 1 and TP 2.
Currently at possible reversal level on Daily. Key level in determining if bullish pattern will stick.
Bullish Pennant/triangle on Daily. In confluence with weekly fib (related link idea). Anticipating Huge breakout for fast impulse move. Swing Trade setup.
Price is ready for breakout to continue uptrend. Clear sense of direction on higher time frame with big push up and Highs and lows. Monthly and weekly is a big "W". An indicator I like to use is the 200 Bollinger band to get a sense of when a big move is going to occur from the squeeze of the bands. There is a squeeze on the weekly chart so expecting GJ to make a...
Bullish continuation pattern forming. Waiting for breakout.
1H showing a lot of buyers exhaustion. Price is creating some bearish divergence on 15 min and overbought on multiple timeframes. Pullback coming soon.
Price currently at basis (middle bollinger band) of 4H. 4H BB has been squeezing. A normal breakout of 4H band is 420 pip distance from top to lower band. The tightest squeeze is 300 pip distance. Right now price is at 380 pip distance. Expecting price to continue up on higher time frame. But still watching for pullbacks. Major news tonight and tomorrow. Price may...
Expecting price to continue up to next resistance area today. Following the bullish engulfing on daily. Price made its low for the day and will continue bullish momentum.