Price is approaching a major resistance line.
Support and resistance levels were made to be broken.
I am curious to see price reaction when it hits this line.
No recommendation.
ABC patterns are common moves in the market. The target is D. Price will reverse when it finds D. D can be 100% of leg AB (AB=CD), or it can be lesser or greater than leg AB (the 1st leg) and fib levels are used by many to calculate targets after measuring the AB leg.
Point B will also cause resistance.
This will most likely for an M pattern when all is said and done. Time will tell and I can sit here and guess all day long. LOL
Support and resistance levels were made to be broken.
I am curious to see price reaction when it hits this line.
No recommendation.
ABC patterns are common moves in the market. The target is D. Price will reverse when it finds D. D can be 100% of leg AB (AB=CD), or it can be lesser or greater than leg AB (the 1st leg) and fib levels are used by many to calculate targets after measuring the AB leg.
Point B will also cause resistance.
This will most likely for an M pattern when all is said and done. Time will tell and I can sit here and guess all day long. LOL
Comment:
Correction: Form/not For
Comment:
1-25
Hefty green candle today showing interest. Major trendline overhead/Overalltrend is still Down.
Hefty green candle today showing interest. Major trendline overhead/Overalltrend is still Down.
Comment:
1-26
Opened higher today. Price at R Line.
Opened higher today. Price at R Line.
Comment:
1-28-23
A break of the top line of the triangle so I turned it blue versus red. It is a break but not a confirmed uptrend.
A break of the top line of the triangle so I turned it blue versus red. It is a break but not a confirmed uptrend.
Comment:
2-3
Rising wedge on hourly/lower trendline has not been broken so it is not valid/point of break of lower trendline is 394
Rising wedge on hourly/lower trendline has not been broken so it is not valid/point of break of lower trendline is 394