beyond50

beyond50

Price Action Analysis: Daily Timeframe Market Bias - Bullish Market Bias 1. After the Morning Star formed atop of the Support & Resistance Zone, price action rallied from it, then went into immediate, tight consolidation. 2. An Inside Day indicated a pause to contain the consolidation within its high at 38,818 and low at 38,214. Breakout is from one...

beyond50

Timeframe: Daily Market Bias: Bullish Market Bias Forecast: US 30 Shifts from Bullish to Bearish Market Bias in Early - Mid March 2024 Scenario #1: Shifting from Bullish to Bearish Market Bias - Price action breaks the Bullish Trendline (in green dotted line) to flip...

beyond50

Signs That US 30 Heading Down & Flipping from Bullish to Bearish Market Bias Timeframe: Daily Market Bias: Bullish Market Bias 1. Price action congested to form a Support & Resistance Zone. A Shooting Star created a Major Pivot High of 38955 that acts as a form of a Resistance Zone. Opposite to that is a Major Pivot Low at 37120 acting as a Support...

beyond50

Timeframe: Daily Market Bias: Bullish Market Bias 1. A congestion of candles formed a Support & Resistance Zone. 2. A Bullish Pinbar rises from Support, leading to a bull run that can be measured to create an equidistant Take Profit of 39100. A previous Take Profit projection is even higher at 39209. 3. An Outside Day pattern formed to suggest...

beyond50

Timeframe: Daily Market Bias: Bearish Market Bias A Confluence of Signs Showing That Price Action Will Go Down: 1. We're in Bearish Market Bias; 2. A questionable looking Double Top formed with two Spinning Tops; 3. Bearish Pressure Zone formed from the higher wicks of a succession of three candles; 4. And, two Outside Day patterns showed up that...

beyond50

Timeframe: 1-Hour Market Bias: Bearish Market Bias 1. Pivot High of 37808 reached on Friday, creating a cascade of bearish candles. Among them, a Popgun Pattern formed that is a three-bar pattern (of Inside Day-Outside Day) that forewarns of high volatility. In this case, it would make Major Pivot Low (not minor pivots), then make Major Pivot High, and end...

beyond50

Timeframe: 1-Hour Market Bias: Bullish Market Bias 1. From Support and Resistance Zone, the Bear Run began. 2. An unusual Bullish Pin Bar formed with an excessively long lower wick from bullish pressure. It rejected the Support & Resistance Zone below it. The Bullish Pin Bar is also an Anchor Bar that is a climatic move: a version of Support and Resistance...