Update for XMRUSD "Thinking Out Loud"
The volume has decreased quite a bit; this can also be seen by the BB's [I'll be sure to bring them forward "visually" in an upcoming chart.
I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between.
I will try my best to explain this with text bubbles in more charts to come.
The following chart is an example of what could play out in between...
A little humor, then back to work: He ends up holding a big ass bull flag...
I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between.
I will try my best to explain this with text bubbles in more charts to come.
The following chart is an example of what could play out in between...
A little humor, then back to work: He ends up holding a big ass bull flag...
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Yeah, the ole head and shoulders....
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Expecting a bit of a hold back at $13.85 ; then a fall back to around $13.07 but "finish" above it to to for $15.07 .
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Placed a pitchfork for buy/sell points...
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Red arrow to point when to stop using that pitchfork
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I believe that pitchfork needed to be tighter than what I had it initially...
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One final closeup of that pitchfork up to its stopping point at the red arrow.
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Major update to XMRUSD with two possible options to play out . Vertical Time Lines have been included to provide a calendar of potential events to unfold.
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We have MAJOR RESISTANCE at the $13.50 to $14.15 level. That will be quite a battle to overcome. It may continue along that line for several days (5 to 8 days between $13.50 and $14.50 range before any major moves afterwards.
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Play has definitely gotten tighter. Pitch Fork within a Pitch Fork: