AUDUSD Matrix
Diupdate
Looking for candlestick patterns near the shapes, potential pivot points/turnarounds, or breakouts / continuation patterns near the shapes that turn out to be zones of influence that can become support or resistance.
Previous Matrix Projects are linked to this one for representation of special events that might occur in such a web of zones and levels that appear to be random, unless the future surprises us with interesting coincidences.
Previous Matrix Projects are linked to this one for representation of special events that might occur in such a web of zones and levels that appear to be random, unless the future surprises us with interesting coincidences.
Catatan
5 pips difference between today's low and the upper edge of the long rectangle. I wouldn't consider this zone as a support yet, until further signs or confirmation.Catatan
Support zone partially confirmed. So far the daily candle is a green one that looks like a potential Harami pattern.Catatan
No more Harami. Proper Bullish Engulfing and the Matrix hits again. Good Rectangle. Good Rebound. Good Night.Catatan
If the long rectangle doesn't hold as support, looking forward to see what happens at the time stamp for NFP or at the nearest rectangle below. My guess is we'll still see some interesting price action in harmony with the elements in the Matrix until we pass the second time stamp.Catatan
The long rectangle didn't hold, but at the same time, it kind of did. The price broke it on the downside, but got back in the rectangle leaving 2 small candlestick shadows below it. Looked like a Bullish Harami that ended up being a pivot point with a bull rally the next day. Today is NFP day and a marked date in this Matrix. Let's see where this goes.Catatan
Snapshot with the previously mentioned pivot pointCatatan
Another pivot point at the green rectangle which is not over. Does this mean no more support at this level? Also, we are approaching the marked date. Last one was not significant in price action, just a long candlestick shadow at the rectangle support zone.Catatan
Bearish candle with an engulfing and the green rectangle below is over. Does this mean no more support?Catatan
3 candlestick shadows at the marked date. This could be a pivot point if the day ends in green, especially with an Engulfing pattern.Catatan
Pivot point confirmed.Catatan
The price never reached the bottom rectangle, last decisive pivot point being 20 pips above it. In the time zone of the green vertical rectangle there was a big bullish momentum and run. Approaching the grey star time stamp.Catatan
Bullish engulfing and a potential pivot point inside the white rectangle.Catatan
A very good bull run with plenty of momentum. Partial cash in, secure at break even.Catatan
Almost a hit on the grey star. Small pivot point, not necessarily a reversal, but waiting to see how the daily candle closes.Catatan
After the hit on the Star, lookin forward to see some more interesting price action at the shapes. The most intriguing of them could be the hollow purple vertical one. Something interesting might happen in its time zone.Catatan
Potential pivot point at the marked price level. Blue rectangle below potential support zone or target area. Catatan
It didn't touch the rectangle, but it bounced from right above it leaving a candlestick shadow behind. Continued bullish sentiment and with a green candle for today, no matter how small, this could be a pivot point.Catatan
The green marked price level proved to be strong enough to eventually push the price towards the blue rectangle. Still expecting potential chaotic swings inside the purple rectangle zone.Catatan
Still being supported by the blue rectangle but don't know for how long. We enter the twilight zone in the purple monster, with blue rectangle lurking above, dashed green line and probably another surprise in the making. No trading ideas yet unfortunately. I post some of those on X.Catatan
The race is on. Will it manage to climb above the blue rectangle? Currently still in the twilight zone /the purple vertical rectangle.Catatan
Some resistance met at the top edge of the purple one. It will be interesting to see if the blue one holds.Catatan
3 candlestick shadows at the top of the purple one, but the blue still holds for now. Looks hard to go for the bottom small green line as the bull wave was strong. Might attempt to hit the icon in the end.Catatan
Bounce from the blue :|Catatan
It looks strong enough to try and push for another high, but after 7-8 January we might see some downward pressure. If a bigger correction occurs, it would probably stay above 0.66, but there is still a long way to go until the end of February when things could get a bit bullish again (/in the correction scenario).Catatan
Candlestick shadow at the green marked price level and apparent support in the corner of the blue rectangle. I might be wrong but I don't see the bulls strong enough to start pushing this higher, yet.Catatan
the path of the rectangles?Catatan
Day not over, but the 2 candlestick shadows in this position can signal an inflection point. In the Matrix context this setup is right at the end of the small green dotted line so the signal is in tune with the context.Catatan
Satisfying bull follow up candle after the signal, but at the same time the prospect of bold bull wave seems dim. This candle is not that big for comfort but it's low can be used for trailing stop loss to secure the position at almost break even. Hopefully it doesn't open with a down gap on Monday, but the position can be reduced along with the risk as this setup doesn't inspire the vision of a grand bull run.Catatan
Price never reached the big blue rectangle from below, but a formation of candlestick shadows were indicative of a resistance level. AUDUSD keeps dropping after this heading for the next small blue rectangle. It will be interesting to see the developments towards the marked time stamp near the end of February. Catatan
A decent potential reversal signaling setup at the end of the rectangle. We might see a timid push higher in the coming day.Catatan
Approaching the corner of the big rectangle. Looks pretty solid and bullish ready to "break records" in the long term. Time will tell, but this could be just the beginning of a longer bullish run. (no trading advice)Catatan
Inverted hammer in the corner of the rectangle but I wouldn't bet my money against this one for the short right now. We could see 0.672-0.674.Catatan
Double tap at the corner of the big blue rectangle and the marked price level followed by a bearish wave. Not sure if this bull rally from today is the beginning of another bull wave, but my previous sentiment stands, that I can see it go for 0.67 eventually.Catatan
Monster price level. Third tap and a drop. Potential bullish target revised down to this level. Don't know where a turnaround could happen and if there will be a lower low with this one.Catatan
I wouldn't call this pin point precision, as the implications for this (considering the age of this project) would be sci-fi territory, nevertheless, decent good coincidence worth snapshotting. Back at the infamous level which rejected the price several times. Looking forward to see the end of this saga as the project is approaching its END.
Catatan
The drop has been interesting considering the context of this Matrix developed months ago. Currently trading right above the marked "short" line level. (extended in this snapshot)Catatan
Decent comeback from that 0.64 with signs of weakness towards the end of the project. Maybe one more relevant event left before the conclusion of this Matrix.Catatan
Last post of the project. Resistance met with 3 candlestick shadows and a pivot, again at the marked level.
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