Weekly chart (Right)
StochRSI, DirectionalMI and MA points to down trend.
Monthly scale support broken
Daily chart (Left)
Price broke through 50% retracement. Testing support second time at the 1st Warning Line.
Slight divergence in StochRSI signals possible rebound to 50% retracement before price moves down ...
StochRSI and DirectionalMovement support downtrend
Expected T/P at 1.456
Price retreated from Daily 0.5 and warning line of Pitchfork
Directional movement and StochRSI support downtrend
Possible first price support and ...
Price have drifted away from the Upper Median Line of Blue Pitchfork which acts as a support.
Price broke through Red Pitchfork and CCI on bullish trend signals a buying opportunity.
Upside is capped by the 50% daily and 0.236 monthly Fib retracement.
Expecting price to resume fall after hitting the retracement zone
Long term bearish outlook from the slope of the Pitchfork (PF).
Strong breakout from longer term PF was met with strong selling the next day on 10/12/2015. Resistance at 50% retracement (1.10023)
Price should test the long term PF Upper Median Line for support. If support fails, downtrend should resume to the ...
Price unable to break through median line.
CCI crosses -100 level upwards
Overhead resistance at 0.5 Fib level (1.2109)
Downtrend resumes when 0.618 level is broken