UK Bond Next Steps

29 Eki 2023

The rectangles are potential zones of support/resistance. They also indicate potential tendencies of the sentiment of the market through the pairs of similar color and their relative position (going up or going down). Icons are relative price predictions in time, similar to targets that can be hit. Around the marked time stamps potential pivot points or exceptional events can occur.

This is a project similar to previous ones (Matrix Style) and is also looking at candlestick patterns near the shapes, rebounds or bounces with candlestick shadows, or small coincidences in the price action relative to the elements in the snapshot. This is for the swing trading enthusiasts that seek to maximize gain and minimize risk. For better understanding the general context and approach, the linked idea with previous results can be analyzed.

Always trade with a plan, manage risk, asses all probabilities, and may the force of profits be with you!

3 Kas 2023

Not

Not sure if the next steps are going down as the project might suggest, but so far we had two interesting steps in the journey of the price action meeting the elements in the snapshot. A rebound and then a break of the marked price level, then a break and a retest and continuation of the lower edge of the first rectangle.

6 Kas 2023

Not

Small pivot point at the upper edge of the first rectangle.

7 Kas 2023

Not

Ping pong inside the rectangle.

30 Kas 2023

Not

The second rectangle was never hit as the market diverged from the main scenario. Not sure if it will meet our shapes again in this project. Until then, potential pivot point near the marked time stamp?

7 Ara 2023

Not

Potential pivot point for a correction.