Correction Nearly Over - Long for IQ

23 июн. 2018 г.

Bollinger bands at set at 45min intervals for a 30 day trend period
RSI indicates oversold with a possible buy surge but also not predictive/consistent.
MACD indicates a buy with the MACD line above the EMA but it may cross which supports further losses on Monday 25Jun2018 to a low of $31.69 until cross confirmed.
Trend lines indicate that surges on the resistance line went 12 days, 7, 9, then 4, then fell.
Should now be seeing a rapid correction over 4-9 days based on this. We are on day 5.
Current correction stabilizing will eventually reach $34.52 based on prior trends for the support line pre-correction.
Meaning if it were to continue without the overbought correction, then this is what the support line would have held it at.
However, we will continue to see a drop until the correction occurs and accounts for the breaking of the resistance.
This will occur between 25-28Jun, but I expect on 25Jun due to the rapid correction over the last week.
Conservatively, I am anticipating an equal break in support to occur over the next 1-2 days and the correction will be over.
On 25Jun2018 we will see a reversal at $31.69 due to this correction (area of the triangle used to balance for the correction).
7-8 day cycles again for the support line trends going forward.
Correction will stabilize on 03Jul2018 at the predicted support line of $34.52.
Trend to continue pre-correction. Long.
Looking forward to reaching $40.00 again on 20Jul2018. Up from there. Slow and steady.