$AXS: A LITTLE POSITIVITY
HELLO GUYS
-We notice that the price bounced from the ceiling of the descending channel and reached the mid-line.
This middle line formed in the past a very solid support line from which the price rebounded several times before it was breached, then it turned into a solid resistance line and also the price bounced back from it several times and then was breached,
Today, it turns into a support line, and here it intersects with a very old stubborn and solid support line.
-Will it break through?
-Will he bounce?
-Will it go horizontally above the support?
-Regarding the stochastic indicator, I noticed that whenever the price hit the old support line, the stochastic was at its lowest level and the price rebounded after that, (note the yellow vertical lines)
-We notice that the price bounced from the ceiling of the descending channel and reached the mid-line.
This middle line formed in the past a very solid support line from which the price rebounded several times before it was breached, then it turned into a solid resistance line and also the price bounced back from it several times and then was breached,
Today, it turns into a support line, and here it intersects with a very old stubborn and solid support line.
-Will it break through?
-Will he bounce?
-Will it go horizontally above the support?
-Regarding the stochastic indicator, I noticed that whenever the price hit the old support line, the stochastic was at its lowest level and the price rebounded after that, (note the yellow vertical lines)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.