Price is where the break occurred for the leg up. For price to move up away from this area we are looking for the area to be defended. The swing highs are rising which means we should see a higher low. Lots of resist above price - the stops become targets. Minimal support below. The expectation is for a higher high - that is not looking very hopeful right now. Ill ...
Price appears to be sitting in demand - we have a swing area above that price will retrace to. To reverse rather then retrace price needs to trade above the last swing high low and make a swing low higher underneath it. Targets above and stops below price. Short term long to swing area as long as the stops below hold and we do not make a lower low.
Swing lows are still moving higher. There is a fledgling support under price - lots of resist above price. If this was merely a retrace we should see the resist fall away fairly easily. If this is a reversal we will see the last swing low broken and price move further down. Ill take the long trade well the swing low holds price above it.
Price is in supply however momentum is still up, trend is up and the stops are rising below price. We are however at the point where price broke lower on the left of the chart, and we are playing a swing area which the swing high is expected to hold, short of this everything is against a short right now till we see resist start building above price.
Price is approaching the point where price broke high to create the up leg - Im anticipating this area to hold. This chart is different then the rest as there is no swing area to support price - Im looking solely at the point where price broke higher. This is a risky play as there is no way of knowing if buy orders are still at this level, momentum is down, trend ...
Price is still a sell till the swings change to higher highs/higher lows. It did react to the first stop and break the trend line down - Id like to see if the break below price holds and sends price higher, if not then we are looking at a continuation pattern of retrace into the last swing area and head further down. Targets above - stops below.
Two swing areas above price - presently playing the first. There is an unused demand below price that would require price crossing below the swing low and targets above in the upper swing area. I would not be a willing seller with the swing lows rising, but I would be tempted to try and long from the unused demand below price if we see price start to whip.