WALL STREET

Saturday, 15 October 2022
21:55 PM (WIB)


After reaching the very strong support where there are stand MA200W and MA50M, the price rose very fast vertically to the first resistance, and could not break out from this resistance.
I see a very strong tower of bullish engulfing that reached and stands above MA100 and MA50. The price also ended exactly at MA50D 4H.

The situation is still in Bullish Control, even though Bears taking control of the first resistance and the Clouds data in a bearish market,
I see the Bollinger Band shows the price has the intention to move up and will try to break out from that resistance.
This week will be the final battle for the Bulls to create a strong signal for the Golden Cross.

I also see the Ichimoku Cloud has been flat now. This would be indicating the price will move higher from now.
Unfortunately, if the price falls below MA50 and MA20, Bears will be trying superb vertical volumes to take control as the Bearish Support. And the price absolutely will be falling down.

So, I’m expecting the price will move up and create A Morning Star formation to the resistance. This formation will lead the price to move higher and higher.