$AXL M15 Bullish Bounce Idea
• Previous TA went well, price definitely soared towards the break points with almost reaching $1.3 price today, invalidating the formed bearish butterfly pattern in the process.
• Market above EMA200, currently trading above bullish NT, and has made a clear bounce from the M15 VAL.
• Predicting a visit towards the POC or even the VAL and make another successful bounce, breaking the 50% key resistance trendline along the way.
• TFO made a bullish median crossover; still have a lot of room for a push before overbought status.
Key break points to WOF:
• $1.2556
• $1.2655
• $1.2799
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Bullish
$AXL M15 Potential Bearish Butterfly Formation
• Possible bearish butterfly harmonic pattern formation with D-leg completion on 127% extended Fib level touch.
• Market currently trading above bullish NT and EMAs curving teasing potential golden cross.
• Market above M15 EMA200 and VAL, currently trying to sustain a break of the POC.
• Within Fib golden zone.
• TFO just hovering above the overbought line, could still push more towards extremely overbought zone.
Key break points to WOF:
• $1.2063
• $1.2215
• $1.2330
• Possible bearish butterfly harmonic pattern formation with D-leg completion on 127% extended Fib level touch.
• Market currently trading above bullish NT and EMAs curving teasing potential golden cross.
• Market above M15 EMA200 and VAL, currently trying to sustain a break of the POC.
• Within Fib golden zone.
• TFO just hovering above the overbought line, could still push more towards extremely overbought zone.
Key break points to WOF:
• $1.2063
• $1.2215
• $1.2330
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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