M1 : In an ongoing downtrend channel
W1 : Same than M1, below the cluster of MBB, TS and KS and last but not least
below the clouds
D1 : Also below the clouds and the cluster; potential double & triple bottom in progress
below the 16.00 area
H4 : For the time being, each attempt to recover above the ongoing downtrend line resistance
failed. In order to neutralise this ongoing selling pressure, the VIX should quickly recover above
TS first, then above the downtrend line resistance and finally above MBB and KS.
A sustainable move above 17.50 would be the first signal of a potential trend reversal in this time frame
H1 : Below the clouds and currently still below the cluster too
M30 : Same than H1; watch clouds resistance area and especially the 17.50 area
M15 : Currently still below the clouds
M5 : Below the clouds too; RSI bullish divergence in progress
CONCLUSION :
AS MENTIONED ON D1, A POTENTIAL DOUBLE & TRIPLE TOP FORMATION IS IN PROGRESS, WATCH CAREFULLY
PRICE ACTION ON INTRADAY TIME FRAMES FIRST AND ALSO THE CLOSING LEVEL ON THE UPCOMING DAYS
Ironman8848
W1 : Same than M1, below the cluster of MBB, TS and KS and last but not least
below the clouds
D1 : Also below the clouds and the cluster; potential double & triple bottom in progress
below the 16.00 area
H4 : For the time being, each attempt to recover above the ongoing downtrend line resistance
failed. In order to neutralise this ongoing selling pressure, the VIX should quickly recover above
TS first, then above the downtrend line resistance and finally above MBB and KS.
A sustainable move above 17.50 would be the first signal of a potential trend reversal in this time frame
H1 : Below the clouds and currently still below the cluster too
M30 : Same than H1; watch clouds resistance area and especially the 17.50 area
M15 : Currently still below the clouds
M5 : Below the clouds too; RSI bullish divergence in progress
CONCLUSION :
AS MENTIONED ON D1, A POTENTIAL DOUBLE & TRIPLE TOP FORMATION IS IN PROGRESS, WATCH CAREFULLY
PRICE ACTION ON INTRADAY TIME FRAMES FIRST AND ALSO THE CLOSING LEVEL ON THE UPCOMING DAYS
Ironman8848