I see 4 options:
Notes:
Channels are drawn using [regression trends] instead of hand-drawn trend lines/triangles. Seems wishful thinking to me, I just rely on math.
Down-channel starts from ATH @16dec
Fast lane from from 6 feb
Slow lane from 7 feb 14:00
Resistance from 6feb-today
- Fast: close around 10 feb 18:00 GMT @11000.Highly unlikely
- Slow: close around 20 feb 0:00 GMT @9400.[I]Preferred
- Resistance: close around 25 feb 6:00 GMT @8500.Reasonable [/I]
*Follow down channel, stop around ??? @???
Notes:
Channels are drawn using [regression trends] instead of hand-drawn trend lines/triangles. Seems wishful thinking to me, I just rely on math.
Down-channel starts from ATH @16dec
Fast lane from from 6 feb
Slow lane from 7 feb 14:00
Resistance from 6feb-today
Note
Err: ...using Regression Trend instead of...
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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.