Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Intraday pivots and Intermediate-term support and resistance
Multiple Time-frame Analysis
- 1.3535 is the neckline to a head and shoulder seen in the 15-min chart. However, that statement would have a bearish bias anticipating this to be a top, which it would be if the 1.3535 is broken.
- 1.3470 is the very short-term target for the break. Below this we should be testing the low near 1.3430.
- The upside risk, if the market fails to break below 1.3535, is the 61.8% and declining trendline at 1.3630.
- A break above that then targets 1.3775.
Is the pullback over now? We would love to hear what you think.