I see an M top near the High of the Day.. Price rejected that area twice, hence the Blue Arrows. I am expecting price to test that area again before heading down.
UJ has been rising ever since market open on Sunday.. Price is currently around the high of the day and it looks like an M formation is happening. It hit the HOD 2 times and rejected the area. Waiting for a third(Red Arrow) or even a fourth rejection to the upside before entering short. GG
As you can see from the chart Level 3(area with blue rectangle) has been broken by a strong impulse move to the upside(First Arrow). Then price immediately pulls back down near the level 3 zone, possibly trying to get traders to enter short but then pulls backs from level 3 again(2nd arrow). We may see price head down to the second area and go back up
Perfect M top near the High of the Day.. followed by a hard rejection as seen on the candle with the arrow. Took a short around 109.50.. Some good profits right now.
The arrow points to where level 3 was broken. Then price continued to go up but then formed a M at the top.On the 15 minute price has been rising for a while..but I dont know if theres enough money trapped up there for price to drop. We might say a confrontational push to the upside because price broke support but then quickly pulled back(second arrow). My...
