Today I saw a graph that looks like the one below. The graph shows historical price movements for May 13-15 plus future price movements in the green line.
The first thing I saw was the price moving up close to .917 then resuming the sideways movement with some minor volatility along the way. Then there are two sharp dips coming up with sharp moves back up following each one. Please note I did not see any numbers on this graph, but I did see the recent history on the same graph so I was able to compare and estimate the scale of the movements. The actual price movement could be more or less than what is shown above. I did not see any dates so I don’t know exactly when these two dips will happen.
Other than that we are still in the sideways pattern that I shared last week. What I saw today appeared to be based on the 5-minute graph. I saw some small bouncing as it moved sideways, but generally moving sideways.
I shared previously how I saw the price moving down close to .900, but I never saw the actual lowest price. We had a dip down to .908 last Thursday, but so far that is as close as we have gotten to .900. At this point it appears the price is not going to stay below .910 for very long.
In the past there has been more volatility than what I saw. For example, I originally saw the sideways movement as a straight line, but it actually dipped down on Thursday then spiked up on Friday. So my graphs do not always capture all of the volatility. That makes it more challenging. So going forward, I have decided to share the graph so everyone can decide for themselves what it means.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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