1. THE RED LINE: a very reliable downtrend which recently been touched for the 3rd time by the chart
2. THE YELLOW LINE: this is strong support and resistance line that after being broken, turned into a very strong resistance.
3. THE PURPLE LINE: 0.618 fib retracement of the wave LL is aligned with this line
PUT THEM TOGETHER: we have an elliptic zone in which the three important lines formed an intersection, all acting as resistance.
CONFIRMATION: it is important to wait for the aqua line (uptrend H4 line) to be broken by the chart. a candlestick formation in the H4 timeframe is needed too.
this is just an ISEA and not financial advice.
good luck...
2. THE YELLOW LINE: this is strong support and resistance line that after being broken, turned into a very strong resistance.
3. THE PURPLE LINE: 0.618 fib retracement of the wave LL is aligned with this line
PUT THEM TOGETHER: we have an elliptic zone in which the three important lines formed an intersection, all acting as resistance.
CONFIRMATION: it is important to wait for the aqua line (uptrend H4 line) to be broken by the chart. a candlestick formation in the H4 timeframe is needed too.
this is just an ISEA and not financial advice.
good luck...
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.
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.