Same basic principles. Letting the price show us what might happen with a little bit of help from the drawings. Looking for candlestick patterns near the shapes, rebounds, or shadows for the future.
Hopefully it doesn't disappoint.
Hopefully it doesn't disappoint.
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If you ignore the fact that the previous candle closed slightly higher than the open, this could have been a decent bullish engulfing right at the grey sine. The following candle also had a nice shadow right at the sine. 2 candlestick shadows at the fatter ellipse, but I did not mark them in this snapshot as the ellipse changes its shape when you stretch on shrink the scale.
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Interesting rebound at the red line with a bearish engulfing candle but the grey sine is still holding for now.
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Pretty smooth following the red line.
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I drew an parallel double curve and it kind of resembles the price path. Pierced orange ellipse. I am not waiting for any more coincidences. Can't wait for these to stop and go back to my humble sanctuary. Somewhere in Infinity. In The Eternal Solitude of Non Duality.
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A little bit of change of plans for the price at the other side of the ellipse. The drawings are almost over. One final update remaining for this one.
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Second pivot point at the second intersection of the grey double curve with the orange ellipse.
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I added the relevant markings and that's a wrap. Show's over on this one. It was a nice ride.