Channel formation, exuberance testing highs
Support: the price where we are upon posting this idea and lower support at 8568.
Resistance: 9076 which can become support, 9733 and 9907.
The 2h (support on the cloud):
The 4h (support on the cherry line and the 50 day MA):
Resistance: 9076 which can become support, 9733 and 9907.
The 2h (support on the cloud):
The 4h (support on the cherry line and the 50 day MA):
Komen:
no more channels for now, look for the support white lines and for the blue trend line:
Komen:
Update:
Komen:
blue channel ded, next support at 9420.
Komen:
that was 8420*
Komen:
we found it at 8220 eventually, I will start a new idea from here.
- support and resistance lines still hold
- it seems/looks like a new channel has formed: