EURUSD H1: The Chaos Theory Forecast for the Asian Session on 15.11.2024
15.11.2024 00:16
Technical
The review begins with the analysis of the first dimension of the market. The price has fallen below the lower fractal, located outside the Alligator's mouth. Therefore, the phase space is defined as southern. The most probable price change dynamics are a price decrease. To assess the strength and energy of this movement, let's consider other dimensions of the market, according to the strategy of Bill Williams.
The AO indicator shows an inverted Saucer. This is a signal indicating a possible resumption of the downward movement. During the southern phase of the market, entry points can be considered after the price falls below the local minimum.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
Signals from the AC and AO indicators indicate that the market has sufficient strength and energy to reduce the price further.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
As an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 1.04960
❌ Stop Loss 1.05609
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
The AO indicator shows an inverted Saucer. This is a signal indicating a possible resumption of the downward movement. During the southern phase of the market, entry points can be considered after the price falls below the local minimum.
The red bars located above the zero line on the Accelerator Oscillator indicator show an increase in energy of the southern phase of the market.
Signals from the AC and AO indicators indicate that the market has sufficient strength and energy to reduce the price further.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
As an epilogue to the analysis, the southern direction of price movement is noted to be considered as a priority. At the same time, the indicators contain signals about the possible development of a correction, which should be used to search for entry points at more beneficial prices.
📊 Sell Stop 1.04960
❌ Stop Loss 1.05609
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.