blondpharaoh

blondpharaoh

The Bollinger lower band was penetrated Strong bullish engulfing candle showing strong buy intention Sideways movement showing consolidation Support levels tested (one at close and one at daily low, see green parallel lines) Expected some resistance from Bollinger monthly middle band and daily resistance trend line (red line)

blondpharaoh

Bollinger band squeeze broken down Very strong bearish candle Broken support Now trading in a channel, some short term bull move is possible

blondpharaoh

Strong bearish candle responding to resistance level Upper Bollinger band breakout Weekly and Monthly analysis comply with SHORT.

blondpharaoh Updated 

Strong bearish candle Upper band penetration Broken support level

blondpharaoh Updated 

very strong bearish move, for the second time the bears attack

blondpharaoh Updated 

Bear attack the second time

blondpharaoh

Very strong bullish engulfing The lower band was penetrated Rising and higher than average volume weekly and monthly analysis don't object Warning: middle band can show resistance, yet the candle looks very strong