Short-Term Bounce based on Weekly Low = 6850
Went long from 7000 yesterday, and this was at 7048 at time of creation.
The pattern is that after every red weekly candle, the following weekly candle penetrates significantly above the low point of the previous weekly candle at some point - minimum of 6% upside. The larger the % variation of the red candle, the higher potential upside exists in the following week's candle (0.76 R^2)
This would suggest that - next week - the price levels will at some point achieve 7261 (6%) at a minimum and potentially higher than 7535 (10%).
The pattern is that after every red weekly candle, the following weekly candle penetrates significantly above the low point of the previous weekly candle at some point - minimum of 6% upside. The larger the % variation of the red candle, the higher potential upside exists in the following week's candle (0.76 R^2)
This would suggest that - next week - the price levels will at some point achieve 7261 (6%) at a minimum and potentially higher than 7535 (10%).
Nota
Long entry from yesterday: imgur.com/gallery/dbfBQmz
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.