This chart is primitive in fashion. I have outlined some trend lines and some key support levels that we are making as we move upward.
Using previous price movement within these trend lines I was able to come up with two possible scenarios using bar projections.
This idea is just showing a couple possibilities and is by no means a suggestion. I am NOT a financial advisor and this is NOT financial advice.
We have a daily MACD flip.
RSI could be lower but we still have some room.
Do you think we'll break back into the upper channel or fall back into the lower channel?
Let me know in the comments.
Thanks!
Using previous price movement within these trend lines I was able to come up with two possible scenarios using bar projections.
This idea is just showing a couple possibilities and is by no means a suggestion. I am NOT a financial advisor and this is NOT financial advice.
We have a daily MACD flip.
RSI could be lower but we still have some room.
Do you think we'll break back into the upper channel or fall back into the lower channel?
Let me know in the comments.
Thanks!