Dpuble top, bearish market structure, breakout to the downside
Breakout to the downside side, bearish trend, 3 depending triangles, bearish market structure
2 ascending triangles, breakout to the upside, bullish market structure
Reaction at resistance line, bearish engulfing candle, bearish trend,
Beairsh market structure, double top, breakout to the downside,
Breakout to the upside, bullish trend, making a third Elliot wave, bullish news, bullish market structure
Double top formation, failed to make a higher high, liquidity to take on the bottom, two descending triangles. Bearish engulfing candle, reaction at the resistance line
Reaction at the support line, order book needs to be balanced and imbalances to fill, liquidity to take going upwards
Breakout to the upside, bullish market structure, bullish uptrend, weak dollar
bearish market structure, bearish engulfing candle, were already in a bearish trend
bearish trend, bearish engulfing candle, reaction at the resistance line
confluence with the rsi and support line signaling bullish movement, we also have that gap we need to fill so I feel strongly that might be a bullish movement, gonna wait until there is a reaction to make a move
its forming a head and shoulders pattern which is bearish and it made a lower high signaling bearish movement. its already in a downtrend which tells us that it could repeat itself, we also know how incredibly fragile the u.s economy is and the trend is reacting at the resistance line above so we can conclude that we are bearish.
Bearish trend, breakout to the downside, bearish market structure, bearish news
Reacting of the support line that is confluenced with the 61.8 fibbinocci line, on the 1hr time frame it looks like its starting new bullish trend and is reacting off that support line.
Breakout to the upside, bullish trend, bullish market structure and looking to see if it going make another ascending triangle
We got a new possible bullish trend, although it did make a lower high I have a feeling its going to bounce of the support line we got under these two giant ascending triangles. Its also on its 3rd Elliot wave so im guessing there is going to be a fourth wave. If we look at the rsi , it says that we have been oversold so that tell me with the support line, the 2...