Scenarios Based on Oblique Supports and Resistances
I divided price action into two main channels one descending and one ascending then divided them into two sub channels each, respectively A, B and C,D. My approach is based on Oblique supports and resistances which I use a lot in my trading strategies. It happens that the price reacts well around medians and trend lines it could also be a coincidence. I believe the price will evolve within Channel D (below the dashed pink median line) then move above it reaching more or less $10,000 during summer time. The blue and red arrow lines are the two scenarios I see unfolding in the coming weeks.
My previous prediction of the current bullrun dated March 29th 2019
My previous prediction of the current bullrun dated March 29th 2019
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.