Monthly
Weekly

Based on ADX moving below 20, price has been in consolidation since 2016/08/01 [G]
Daily
Modified Schiff

regular Pitch fork

Two options of pitch forks; modified schiff and regular pitch fork.
- Pitch fork using the 3 pivots of 2008/07/01, 2009/01/01, and 2013/08/01
- Starting 2015/01/01, median line provided price support and for next 10 months
- Next parallel supported price including the line based on lower pivot [C]
- With price failing to continue to lower parallel after breaking through median line, there is an 80% possibility that price will move to upper parallel [B]
- This would be in the 74.0x area and also in alignment with the line drawn through the median line of the down sloping pitch fork [A]
- TSI and RSI have both diverged with price off of the 2016/02/01 low [D]
Weekly
Based on ADX moving below 20, price has been in consolidation since 2016/08/01 [G]
- Consolidation is either that of a channel or ascending triangle [F]
- The weekly pitch fork's median line has been tested by price 3 different times [E]
- TSI has moved above 0 and has turned up last 3 weeks with price
Daily
Modified Schiff
regular Pitch fork
Two options of pitch forks; modified schiff and regular pitch fork.
- Looking at modified schiff, the median line provided support/resistance to price for 6 days. The line drawn from upper pivot provided solid support for price this week [H]
- All indicators are bullish
- Price was in consolidation based on ADX but does look to have broken out [I]
- Alt. option of regular pitch fork provides more upside on price.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.