First buy limit will be at 103.310
looking at 2 possible points of entry for a buy to give us that retrace we want to see on the higher timeframe.
would look to buy around 103.250 for a retouch. would put my stop after the previous swing low, but honestly as long as price is within our 4hr (purple line) and daily (green) support zone, its bullish.
highlighted major resistance zones where it could retrace before continuing to break through. will look for buy opportunities since we're still in buyers zone, especially with that divergence in place.
even though we are downtrending. we still are in buyers territory regardless of what we think could happen. and seeing as how i see a divergence this past month completing. I would personaly feel better being bullish here untill we actually break through this zone.
wee seem to be downtrending but currently hitting a strong support zone. but the way we've still been testing that zone makes me believe we will break through. considering how well china is doing compared to most of the world.
I keep seeing upwards momentum with no clear sign of reversal here yet.
we seem to be entering a resistance zone and are also in completion of our second phase of MM structure. so i would like one final push up before looking for sell opportunities to hold.
wee see a completion of a previous MM structure with it now in its first phase of consolidation towards the downside. which makes me feel more comfortable to be on the Bear side for longterm positions.
we seem to be down trending with major resistance zonez highlighted. so I'd feel better to be in Sell positions here. (bear)
we see a small uptrend but we're also currently in a downtrend. Seeing as how we're 50/50 here, lets look at more details. Price went up to our daily resistance (green line) but did not manage to stay above there long. Looks like a strong Seller came in and drove price down and is currently holding his position because we have yet to close above where he came in....
here we see it downtrending and breaking out to the downside with price wanting to stay below our chanel. so since we have yet to get a clear reverse signal here, it makes me believe that we could see another push down before we continue our bullish trend.
We see a clear uptrend with price respecting major support zone and a gap around 0.56800 that makes me believe price will want to close that gap sooner or later, but supports the bias of price wanting to move UP.
we see a breakout and change in trend currently respecting upwards momentum.