Just about 2hrs to go till market close for the w/e.
Another bullish week, with bullishness piled on bullishness this Uk afternoon by decent U.s data, and J. Powell at Jackson Hole. My analysis of the very likely closing position and state of things across the important t/f's, that have altered this week, is below.
So far this Month 168% of the 6mth amr has been traveled by price.
* Wkly A likely big bullish thrust candle close at least 205% of 13wk (1/4yr) awr, an upside follow thru on last week's bullish thrust engulfing candle. The t/f closes the week in a general uptrend with an upside breach of the top of the ascending channel on the t/f, and @ the week's hi is challenging the prev sw hi zone = pot res that extends up to 3298, @ 61.8% of the 5016-0364 longer-term move. (The dly part of this pot res zone starts @ circa 3250.)
* Dly A likely big bullish thrust candle close today (Friday)like wkly above, and again like wkly @ 205% of 30day adr traveled. The t/f ends the week in a general uptrend
* 4Hr This t/f too ends the week in a general uptremd. it's last candle close on the gmt/utc+3 price feed is yet to be determined.
* 1Hr This t/f too ends the week in a general uptrend.
NB: Chart conditions per 3 candle fractal swing analysis.
Wkly, Dly, 4hr (with 10/20/40 ema crosses graphic,) 1hr below
Another bullish week, with bullishness piled on bullishness this Uk afternoon by decent U.s data, and J. Powell at Jackson Hole. My analysis of the very likely closing position and state of things across the important t/f's, that have altered this week, is below.
So far this Month 168% of the 6mth amr has been traveled by price.
* Wkly A likely big bullish thrust candle close at least 205% of 13wk (1/4yr) awr, an upside follow thru on last week's bullish thrust engulfing candle. The t/f closes the week in a general uptrend with an upside breach of the top of the ascending channel on the t/f, and @ the week's hi is challenging the prev sw hi zone = pot res that extends up to 3298, @ 61.8% of the 5016-0364 longer-term move. (The dly part of this pot res zone starts @ circa 3250.)
* Dly A likely big bullish thrust candle close today (Friday)like wkly above, and again like wkly @ 205% of 30day adr traveled. The t/f ends the week in a general uptrend
* 4Hr This t/f too ends the week in a general uptremd. it's last candle close on the gmt/utc+3 price feed is yet to be determined.
* 1Hr This t/f too ends the week in a general uptrend.
NB: Chart conditions per 3 candle fractal swing analysis.
Wkly, Dly, 4hr (with 10/20/40 ema crosses graphic,) 1hr below
Attached Image(s) (click to enlarge)
Trader with an Edge.
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