Brent H1: The Chaos Theory Forecast for the Asian Session on 18.12.2024
The alligator is active and ready to hunt: its lines laid in a typical for the development of a downward movement order.
At the same time, the AO indicator remains in the negative zone.
The AC indicator has formed the green bars above the zero level. This is a signal that the downward movement is losing strength locally. However, the southern movement scenario is relevant as long as the price remains below the Alligator’s red line.
As it is seen the AC and AO indicators are green. There is a sign of a correction developing or of a local trend changing. The strength and energy of the downward movement are experiencing deceleration, but the price remains below the red Alligator line. That's why a downward movement is still a priority.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
Several red columns have been formed on the Gator indicator. This is a signal that may indicate the development of a corrective movement in the near future.
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 72.23
❌ Stop Loss 73.35
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.