The price broke the downwards trend and started creating new uptrend or sideways trend.
The price touched the resist (support) and bounced to the nearest rejecting zone. If its broken, then the price will move further up, if not , price will come back to the support line and bounce upwards breaking all of the zones.
The pair started creating uptrend , declining the long period downtrend.
The second wave started .
After analyzing all of information given, declining and retracement points, we can recognize a pattern from the way of the moving of the price.
Same scenario again, but in the uptrend now !
The price reached the main resist level.
Now , its expected that the price will move downwards to the upper support line and maybe further to the main horizontal support level.
Wait for confirmation !
Good luck !
The price touched the resist zone. On the chart is presented simple price movement which is possible. After several measuring , we can conclude that the price will go upwards to the point of resist line. The resist line is measured by Fib retracement and half used extension. They are not presented because of the visibility of the chart. The price may...
The pair made a great move upwards with explosive momentum, but within a single upwards trend channel. That channel can be represented on the chart and we can see the exact formation. The price reached the upper resist level from the same channel and also the resist(support) level from the horizontal previous trend. The price should go down a little bit,...
Great downwards movement is made by this pair. After a long period of time , several trend lines had been created and also respected. The pair made a great downwards movement trying to reach the resist line of the previous downtrend. The price tried to touch the resist ( which becomes support ) and bounce from the same resist ( support ). If we measure the...
Now, the price is in a very violate condition, which results downwards movement. The pair is trying to reach the support area, which is also main support level for a long period of time looking backwards on the chart.
Making a great downwards movement, results in a high chances of equal 100% retracement.
The price is now heading to the support zone, which...
AUDUSD made a great movement downwards after breaking the upwards trend which was orientated with super respected support line.
- The pair is trying to reach the previous accumulation zone which is also presented like a potential support zone. The price almost reached the zone and in the next day its expected to touch that zone. After reaching the zone, with no...
The price broke the previous big main trend and started creating a little channel .
The same scenario is presented in my analyse few days ago,
The price broke the previous small trend and started moving downwards trying to reach the previous main trend. That trend must be respected again so the price reached the top of the Pitchfork formation tool.
Now the price...
We can visualize a upwards trend with identical strong retracements.
The upwards trend can be presented with the Pitchfork tool which also represent the possible retracement points, depending on the price formation before.
All of the retracements before in the same trend are on 0.5 fib retracement. The price touched the 0.25% retracement which can be seen in the...
The pair made a great breakthrough with an explosive and impulsive movement. The price reached the strongest resist area, created over 2 months ago. This area is very respected and the price is trying to keep that.
The price over the upwards movement created a parallel channel and while touching the area of resist, the price started to lose momentum and broke the...
Pair made inverse Head And Shoulders pattern which is almost confirmed that the price will go upwards, in the range same as the distance between the head and the neck. The price started moving upwards, which indicated further upper movement, breaking resist, and rushing upwards for the main resist level to be touched .
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The price broke the downwards trend and started pushing upwards, creating small channel. The price is trying to keep and respect the channel, so its obviously that the price should move little bit to the down, reaching the support line of the channel. Then its going to move upwards, reaching for the main target, the main resist level, and the next move will be...