The_Munch

The_Munch

Recent break of a strong resistance area (news based break out of both the trend line and consolidation area which has corrected). Clear up trend (shown with trend line added) with lots of long wick candles present confirming the zones. Strong consolidation developing in this channel. Enter on a momentum break out at price 0.66924.

The_Munch

4H time frame is showing bearish bias. Trendline with 3 clear touches descending. RSI is also losing momentum and has crossed below the 50 line. 1H Time frame has rejected the trendline and recently broke the 50 EMA. Also, breaking a strong previous support turned resistance and in the vicinity of the 50 EMA making for a strong confluence area. SHORT!

The_Munch

4H chart shows a bearish bias. RSI below 50 and price is below 50 EMA with a recent break out. 1H chart shows a large double top which has recently broken out. Looks a good short opportunity.

The_Munch

Breakout on 1H chart. Drop to 15 Min and 2 patterns have formed, Bearish penant and bearish channel, all short continuation patterns Stop loss 50 pips take profit 100 pips but as always, trail the stop loss

The_Munch

Bearish signals on higher time frames. Drop to the 15 min entry screen and it looks bearish also; triangle has formed and broken out, it looks like the trend will continue short. Aiming for a minimum of 25 pips but will have a trailing stop loss and ride the wave as long as possible.

The_Munch

LSE:VOD has been in a steady decline since 26 July 2022 declining 16.62% from VRVP point of control. The price is hitting old support, accumulation levels over the past 2 years and is highly reluctant to break through. Also, price at 106.64 has entered Medium volume VRVP Nodes with not much institutional interest to push the price levels into low level nodes....

The_Munch

Price continues to slide bearish, 12.92% decrease from high volume Node (P.O.C). However, previous high volume node, VRVP of $81.48 and average closing price of $81.12 seems like the fair Value of ASX:ASX. Entering low volume node territory now and the only other times in recent memory that price entered these zones were highly volatile market conditions 1)...