motleifaul

motleifaul Updated 

Since June 2022 we are in an uptrend. Despite the steep correction since end of June it is unbroken. The correction still looks healthy and since May we can see a promising rising cloud. This gives a chance that the bottom that has been built in August 2023 will hold again and we can start to resume the uptrend now again. Sure,there are some obstacles due to the...

motleifaul Updated 

head of the expiring date the upward momentum is declining. A correction ma be expected. How large it will be has to be observed. After this long rise that lasted for almost 2 years even a major correction is possible.

motleifaul Updated 

The low of the year 2011 is tested for the second time now. There is not much evidence yet but it is thinkable that this old support may hold again and that a bottom may be built here.

motleifaul Updated 

The trend is still down but: - we are close to the April low and: - we are touching the retracement tops of 2019 and 2020. They were the resistances before the 2020 strong rise begun. I consider this zone therefor as a support level that may be not easily be broken.

motleifaul

On August 15th the euro had begun the second stage of its recent rise. This rise has been corrected by almost 2/3. Even the whole August rise has been corrected by almost 1/3. May be the correction of the whole rise will fulfill the 1/3 but then I don't expect much more. The reason is the high of August 14th that will be a serious support. It has almost been...

motleifaul Updated 

Yesterday's Hanging Man may become confirmed toy by another one. This may indicate that there is a downward correction due after the 50% rise within less than 2 weeks only. The momentum is declining.

motleifaul Updated 

We have reached a long term bottom. In October 2022 during Covid it has been reached the first time and then tested seriousely again 1 year later. Now, almost another year later we are facing this level again. Meanwhile we have seen a downtrend that had ended in April this year. When we see that the same level was the top in November 2020 already and has been...

motleifaul

It is not a Shooting Star and not a Hanging Man. And I am to lazy to look into my Nison bible what the name of such a candle on top of a Flagstaff is. At least it is not a bullish signal. When we will hold this price level until Thursday -and I expect it to do so- then a downward correction is likely. I will have a look at the Fibonacci levels to get an idea of...

motleifaul

With its little candles the chart looks toppish. This is no wonder after the 70 % rise within less than 1 month. One can imagine that the last 10 candles are rising within a rising wedge. This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small. I expect the outbreak to the downside as there is a large open...

motleifaul Updated 

There was a 10 month long lasting rise until June followed by a steep fast fall for 1 1/2 month. The fall had stopped exactly at the July 2022 peak. Thus we can assume that the rise may continue, i.e. that the trend has not yet been broken. Anyway there may be some more upward correction of the fall at least.

motleifaul Updated 

The market has reached its target, i.e. has closed the window dd. August 2nd and has not reached a new high. An attempt to correct downwards is possible but may not be long lasting due to the prevailing uptrend that has not changed yet.

motleifaul Updated 

We have left the range in which we had been trading since May. In the first week of July we also overcame the WMA. Now we may be able to test the high of December 2024 again.

motleifaul Updated 

The present range is valid since the end of March. Now we are at the bottom of the range and I expect it to go back to the to it's top, the more that the volatility is decreasing. This range top has been the bottom from March to September 2022. Thus it might become a decisive resistance on a possible way up. But such a price above 2 would be a fine one.

motleifaul Updated 

The supports here are : - The January highs before the spike up, - 3 MAs. We are still in a valid uptrend. The recent decline may be considered as a correction due.

motleifaul

It is the 3rd consecutive time that we didn't reach a new top. This may indicate a desire of the market to correct, i.e. to take out some risk or to have a snooze at least. Thus I assume that there is no big risk on the upside.

motleifaul Updated 

We are in a broad bottom zone that has begun to be built in the end of March already There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market...

motleifaul Updated 

I don't know whether this is final but we have reached the 78 % Fibo retracement level today. If there will be a rebound then it should be now. Intraday we've made part of the way already but there is a good chance to gain more as the way down has been a long one. The morning gap has been closed already but there is another to be closed at the 24th July. Perhaps...

motleifaul

Renewed selling pressure has driven the price back down to a, what I think, fluctuation center since March. At this level the market has stopped several times, has built windows and a hammer like candle. Thus it is no wonder that Fibonacci calculations result in a support as well. I can imagine an upward correction of the impressive drop since June.