A second bullish white soldier as part of a follow on to the previously mentioned key reversal up and bullish engulfing pattern.
A second bullish white soldier as part of a follow on to the previously mentioned bullish engulfing pattern.
The market failed to push below the important 38.2% fib at 0.8708 after the previous key reversal down and bearish engulfing pattern…it looks like we’re trying down to break 0.8708 again today.
The market has seemingly failed to overcome the fib support area 106.55 – 106.68 and has today reverted back up…please be aware of the weekly key reversal up two weeks ago.
A key reversal up and perhaps we’ll now try to break the recent trading band between the overhead resistance of the important 50% fib at 0.7730 and the support of the combined lows and fibs between 0.7635 – 0.7640…we’re testing the upside at this time.
A bullish piercing line pattern and possible pipe bottom as the market rejected testing down to the feb-to-date uptrend (currently 61.93)…we’re following on higher today so far.
An Indecisive Spinning Top Follows The Previous The Indecisive Doji Cross/Spinning Top Pattern…Today We’re Trying Higher Towards The 2018 Downtrend (Currently 7210)
An indecisive doji cross followed an indecisive spinning top and saw the market closing right on the recent broken downtrend (currently 12 253)…however…it was also the third close over the recent 50% fib at 12 151…today we’ve opened significantly higher.
A small bullish harami but looking quite like a bearish inverted hammer …except it was in the wrong place…however…we’ve today followed on to the bullish harami and overcome the longer term 50% fib at 2647…we’re currently closing in on the combined fib resistance levels 2663 and 2665.
A small bearish harami…almost a bearish hammer…we’ve still left an unfilled gap above the market…it still seems to have an overhang of resistance based on two 50% fibs at 123.33 and 123.68…the medium ma (currently 123.44)…and the upper tine of the sep – dec 2017 schiff pitchfork (currently 123.51).
A bearish harami as we seem to be toppling over a little towards the comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 158.71)…it’s still using this as support.
After forming the previous bullish engulfing pattern we yesterday had no follow through with an indecicisve doji cross…today we’ve altered and instead tried lower.
A bullish long white closing marubozo with a move higher today…up to the combination of resistance at 6909 of a 50% fib plus the recent schiff pitchfork upper tine…above this we have further resistance from the medium ma (currently 6947)…it certainly looks like the long ma (currently 6739) as near term…and quite good support…is battling the two combinatons of previously mentioned resistances… the fight between both these longer term pressures is key.
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