On Friday 13th a window had been opened that has been closed now. The window was an outbreak of the trading range since 6th October. The upside of the range serves as a support now. I expect an upward correction from here therefore. If the overall market will retrace upward we may even see a further rise. Mind that United Health has behaved better than the market...
On Friday we have risen above the MA which became the current support now. After a short downward correction we have recovered already what is confirming the support. After today's Hanging Man we failed to test the support again. I take this together as a bottom for a coming spike up.
Yesterday we had opened with a gap up. This window has been closed today what opens the way up again. Mind that we are holding above the MA that serves as a support here.
2 days ago we have overcome the short term trading range. This has been confirmed yesterday. Now this outbreak has been retraced by Fibonacci rules.. The promise of the outbreak may be realized now. The MA and the bottom of the trading range left are supportive.
We have reached a multiply confirmed support zone now. It comes from March and has been renewed in the beginning of May. As is has been confirmed, broken and confirmed again multiple times I assume that this may continue for a while. Thus I expect a rise next to test the August-October high once more at least.
BAND has risen sharply today but has reached a hidden resistance now. Thus I am expecting a correction downwards before it perhaps may rise again. Mind that we are within a bearish trend and we have not fallen through the previous low to trigger stoplosses.
It is a little bit difficult to describe what I see. 2 different VWAPs(a rising and a having turned downward) indicate a bottom and on Friday we have re-entered a 3rd VWAP which is following the downtrend since 15th September. In my opinion this says that we shall test the upper lines of the price band. I know that this seems to be a bit strange but due to my...
In the latest days we have seen 3 corrections, i.e. waves. First we've corrected the rise from 24920 to 27486 from 19th to 24th September. This week we've retraced this correction till yesterday. And intraday today we've seen a decline that is the perfect retracement of this week's advance. This all looks bullish to me. The latest substantial move was upwards...
We have reached a support zone at the opening today. The price is struggling here and in my opinion it may find the power for a correction. The level has been a bottom since May and on May 5th the price had jumped up and out of a window. Since then the Apple has never fallen below it. Whether it will do so this time we will see. But before I can imagine that the...
We have fallen through the trading range prevailing since 12th September. As we are in a downtrend since 7th August it can be seen as a continuation of this trend.
The current level can be seen as a bottom. There is no sharp level but the open March window has never been closed until today. It has been tested several times so that we may assume that there is kind of a zone supporting this level. I expect a corrective rise from here the more that the sentiment has turned bearish and many dealers are sitting at short positions...
We are seeing an upward correction and have reached the MA and the top from 2 days ago again. The momentum is declining. That's clear - it is a correction. But as we are in a downtrend since August the preferred direction remains downward.
We are currently trading within a broader range. However, now we are approaching the important MA which is also the 50% retracement of the decline since August. As the window which had been opened on Monday has been closed now as well I can assume that the test of the high built on September 15th will fail. As this high was the 3rd lower high in a row since end of...
Past Friday we've seen another attempt to leave the downward trend prevailing since end July. It failed again and the selloff was impressive on Monday . It continued yesterday and we've opened today with a gap down. The window has been closed and the way for a continued fall is open.
Around 287-88 there is a hidden support. Since mid January this level has been tested from both sides again and again. At the end of March there was even an upside window opened. But the price came back 2 days later already. Since August it became a support finally. Thus I am expecting a bounce back upwards to correct the decline since end August at least.
Last week we saw an attempt to catch up with the4 month rise that had lasted until July 27. This attempt failed to reach the previous high again and was followed by a 50 % retracement. This shortlived correction to the downside that could achieve a perfect Fibonacci retracement only gave me the hope that the bulls may have not yet given up so that we may see...
The resent level has been the central line at which the index has found its bottom since March. This means that we are trading within abroad range where we are close to the bottom now. I expect this central line to hold again and the index to rise respectively.
On 27th July already we opened a downward window. The attempt to close it was not not successful on Monday. At the opening we have opened another window today and in little upward correction it could not be closed yet as well. The failure to close the big July window, however suggests a continuation of the decline.