That was a fun ride down and back up.
From here I still have strong doubts about Price Action's strength to break and hold above this 1Y Peak Channel.
At this point a weekly close above seems quite unlikely but next week should be our best shot at it (maybe the week after) before we fall back into the downtrend here.
The closely grouped lines were for day trading purposes, I do expect them to come back into play sometime this month so will let them chill for now.
White is a new downward megaphone trend bottom if 1Y Peak Channel top holds, I expect we'll test it again this month.
From here I still have strong doubts about Price Action's strength to break and hold above this 1Y Peak Channel.
At this point a weekly close above seems quite unlikely but next week should be our best shot at it (maybe the week after) before we fall back into the downtrend here.
The closely grouped lines were for day trading purposes, I do expect them to come back into play sometime this month so will let them chill for now.
White is a new downward megaphone trend bottom if 1Y Peak Channel top holds, I expect we'll test it again this month.
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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.