Follow the pendulum.
A NIL++ on the negative side is aiming for a 90 print on the positive side (thin red lines).
Similarly, a NIL++ on the positive side is aiming for a 10 print on the negative half.
A NIL+ is aiming for a NIL+ (purple lines) if nothing else manages to stop it.
A NIL+ to a PONR (point of no return) segment is where Left Shoulders come from if they get to swing back to the middle of the same core range (50%).
This NIL++ to 90% move I would consider finished, yet it fell short of the green 50% line of the same range, so it does not currently qualify for an LS.
I am of the opinion that although price seems to be stuck between the 9EMA and the 20SMA, the momentum is down and we’ll see the lower BB tagged first.
People, I am looking for a new job, putting together a portfolio of web works in the coming weeks. Could you possibly help?
Music? Of course. Sorry.