expect price to go as high as 3 or even 4 Deviation /
If price trades below 0.7250 there is a possibility
of the price to proceed the bearish a turn for the possible low
of 0.6450 to 0.6250 before turning into
a bullish mode upward's to the first breakout of 1.0520
line at Highest High of market price
line at break below swing point of WMA 100 and WMA 26
possible point of return. Main conversion Zone
between 1.5050 and 1.6150
line at Main Support / Resistance 2001/2002
line at Highest High 07/2003 if break above close above
next target could be Main S/R line if not it could go at least to
the 1.5 Div. . this could...
here is what could happen base on daily chart
at the moment we have strong looking resistance at the 1.5 diviation,
if we close above the HC 2004 and yesterdays high , there is a strong
chance to go all the way to the 1.75 Div. at 1.3900 and after that
we may look at the 2 div. 1.4070 / 1.4100 for
we had a gap down in jan 2003 at 1.4390, the market has not...
expect further up trent
possible retrace to 1.0850/ 1.0750 before bullish continuation
if trade below and close below 1.0500 than bearish to
Conversion zone upper line 0.9320 to lowest buy/sell line at 0.8850
possibly as low as the lowest from 2000 to 2002
0.9320 was the bullish break out in 2002 market has not returned
to this level yet.
on the other hand...
Possible conversion zone between HH 2004 and HC 2004
If we get a break above/ close above HH 2004 possibly bullish return run
to the break out line from Jan 2003
There is however the possibility of creating a handle to the bowl structure
in this event there would be a return to the Buy/Sell line with bearish
break at 1.3400 going down to 1.30/1.27(HH 2009/ HC...
Possibly continuation of bearish move after 1.04 / 1.035 going down to 0.9850 / 0.98
there is a strong possibility of going as low as 0.9250 / 0.92
which is the conversion zone from 2001.
If bearish possible 1st. support at 1.06/1.055 // 2nd support 1.05 / 1.04
This trade Zone is from way back from March and April 2015.
However, if price trades back above 1.0750 possibly bullish
with 1st target at 1.0850/ 1.900 and 2nd target 1.1150/ 1.12
If Price trades above 0.6560 and closes above the MA55 and the red line, plus if the RSI is above 50%, this will be a UP trade with possible target at 0.7239. However there is a possible double top at 0.6850.
If price trades and closes below the MA55 at the next trading day, The trade will be a DOWN and the 1st target will be between 0.6350 / 0.6300.
If price...
