Wait for another test on the purple sliding parallel before entry to Long.
Price gaps over ML to land snugly on the first SP whilst building up energy for the next push. Expect price to be halted at SP2.
Good to LONG as price oscillate within the lower band of the blue channel. It has tested the purple sliding parallel twice so that is the target. If it breaks the sliding parallel it will continue upwards.
Price is caught within the Upper Band of the downsloping major PF however the current blue mini PF defines the current market action. If it stays within the blue channel(lower band for now..) it will retrace to the l-mlh and move out of the Upper Band of the downsloping PF to the Upper Band 1. The mml is always the target but WL of the major PF will be the...
Too late to Long but beautiful cross over ML. Price will oscillate in this frequency but overall big trend is up!
Price show 2-waves of strong downtrend momentum. You can see the lower highs and lower lows which indicated a short term down trend encapsulated within the red PF. Standby to short once it is near the area indicated but use price rejection method to enter to be safe.
Price is far away from the buy zone of the L-MLH of the mother PF. It has crossed the ML for the mini PF so target will be the u-mlh of the mini PF. Be careful with your stops.
Once the market is structured properly, we see how prices conform and respect the lines. The red lines give me a cross-section of the market to see how price will stagger upwards but within this blue channel. Price behaves textbook manner and here we can see how market structure embodies greed, fear, news and sentiments. We can expect price to oscillate in...
AB = CD move shows the sign of Zorro ..."Z".. and took 5 years to complete. Now price seems to be trapped above the ML and the upper band of the green channel. Price conforms to structure drawn way back at the A point in beginning of 2009.
Price in strong downwards momentum with a gap down and cross-over.. expect to see the price heading towards WL-1
Price broke wl-2 as it begins renewed its previous association with the Upper Band and moved back to familiar territory. Price will possibly remain trapped in this Upper Band for a while..weeks or months until we see signs of breaking away from the Upper Band. Now price will head toward wl-3. It may ziggedy zag in the Upper Band and touch the ML but frequency...
Price did not fill the gap so order was not filled. Looking at the big picture, it could be doing a U-turn to start the beginning of an up trend. It needs to clear the MPL first so let's wait.
Price meets resistance at U-MLH and shows lower highs and lower lows. We could be looking at a correction here with a good opportunity to short.
Watch out for WL-2 which provide some resistance to the upwards bucking. The upsloping blue ML carries the momentum and the frequency for the price to break above WL-2. Overall trend is up but let's wait for retracement preferably down to the upsloping blue ML.
Major trend is up as defined precisely with so many touche points along the L-MLH and ML. When market flows in a purported direction in this case it is up, it is good to take a different perspective or view of the market to look how the price staggers. If you move the purple channel, you will see it coincides exactly with the width of the lower or upper bands. ...
Swing CD nearing exhaustion with strong pull towards the confluence area before a possible retrace of price down to ML. If price touches the confluence below, it will be pushed down to ML.. however if prices lands on top of the confluence from above, it will jettizon up and then it will be time to draw the WL.
The mini median line will continue to pull prices up only to be halted by the upsloping purple sliding parallel. Expect some retracement downwards towards the U-MLH but we see a nice pin-bar straddling on the mml. If price breaks above pin-bar, it is "onward christian soldiers!...". If not, it will find support on U-MLH before a another push up. It is at a...