eaglestar

eaglestar

Price did as expected and mentioned in my last post on this timeframe. I had mentioned price shouldcome up to 2585 or 2580 then give a signal to possibly drop. We now are at support at 2571, but it appears that it may break. If we do break here, look to the median line, and also 2565 as support to show if it may continue to the upside.

eaglestar

Price has broken down and hit the median line, then rose up to resistance at 2585 which is also previous resistance, and came back down to hit support at 2571. Price is choppy now, and volatility is increasing to the downside. Price may come up a bit more before trying to make another move to the downside. Look to see what price does at 2580 and 2585 levels.

eaglestar

Price has dipped and found buying again at the lower median line, but price is looking like it may try to drop here out of the fork. Look to see if we can break 2593, or if we will come down through the pitchfork and break down.

eaglestar

Price has moved down slightly after touching the the sliding parallel that had acted as support, as now resistance. Look to see what price does as it rises here, because there may be continued weakness.

eaglestar

Price has dropped from the 2594 area as resistance and is testing now 2577. Look to see if price will break down here andretest 2577 as resistance to cantinue lower. If that happens we could see 2567 and 2543 eventually. Also look for the pink median line.

eaglestar

Price has dropped down after touching resistance multiple times. Price looks like it may break the blue median line now. If it breaks hard, we may be in for a consolidation.

eaglestar

Price could not break above resistance, and hit resistance again at 2593 area and dropped. It looks like it could continue as the move is large to the downside. Look to see if 2577 or 2570 will hold as support

eaglestar

Price dropped lower and found support at the median line, bounced up, and is now at resistance near 2586. We must break above 2586 and test as support to continue the upward momentum. I have also drawn in the pink downward fork in case we hit resistance up here.

eaglestar

Price dropped lower under support 2585. Look to see if price rises from here and trys to break 2600 which is another psych level.

eaglestar

Price is continuing to pres against the sliding parallel, and we are not breaking higher. Look to see if price can break this area, or if we will fall ower under the median line.

eaglestar

Price has come up to the upper line, and is pulling back down a little. We may see support at 2585 or 2577. Price continues to rise and looks extended.

eaglestar

Price has continued to move up along the sliding parallel., but is not giving a clear move to the upside yet with a large bar. Look to see if we can break above and retest as support to go higher, or if we will break down eventually.

eaglestar

Price extented to touch the upper sliding parallel that has hit as resistance before. Look to see if price will come down to hold support at 2585. If we do hold as support there, look for possible continuation higher to try to test the upper median line.

eaglestar

Price has come up and passed through the middle median line and is using it as support multiple times. Look to see if price will hold as support, break through 2585, and go to the upper median line. We are starting to coil up into energy, so there should be a move soon.

eaglestar

Price has bounced twice from the median line and is still hitting the sliding parallel resistance line. Look to see if price can break through, or if we will break down from here.

eaglestar

Price has continued past 2577. Look for price to try again to test the upper median line. We are having some trouble getting past the upper blue median line as resistance, so price may pull back soon if we can't break it.

eaglestar

Price has run up a bit higher after hitting the 2562 support level here. We are currently near resistance, so price needs to break higher and retest 2577 possibly as support to be confident that we can move higher.

eaglestar

Price is continuing to hit resistance near the sliding parallel here. Look to see if price can break higher above and continue its momentum to the upside.