Not only price have trend. Also indicators can create support and resistance, for help to indicate strong and weak point in financial instruments. Here can see how trend powerfully go up on chart and RSI. Go by wave, with FIbbo Time expansion. But 29-09-17 indicator go under trend line, back to reflect and continued under it. and wave 4 lose trend power.
RSI 55-50 is pivot zone for trend. all can see on charts and RSI. On RSI can see that 54.4 is critical and important for turn around or reflect of trend. So can predict that next price touch is peak of wave 3 (4,230-4,240).
aslo can leave without attention 4,365$ where broken so many dreams at 9,11,112 September. Price create 3 peaks before falling down based on negative news. But 4,365$ is market feeling, big volumes would like go over it.
WE cant know future , but we can learn from pass.
forgive me my easy English....
RSI 55-50 is pivot zone for trend. all can see on charts and RSI. On RSI can see that 54.4 is critical and important for turn around or reflect of trend. So can predict that next price touch is peak of wave 3 (4,230-4,240).
aslo can leave without attention 4,365$ where broken so many dreams at 9,11,112 September. Price create 3 peaks before falling down based on negative news. But 4,365$ is market feeling, big volumes would like go over it.
WE cant know future , but we can learn from pass.
forgive me my easy English....