Possible sign of change in direction long term: observation only
Purely recording for my own interest. Using an arch tool and extending to the advanced side, it looks like the bottom wicks are slowly turning up in the arc. Several points seem to touch or almost touch the arc. I don't give this any weight at all, just recording for interest. If the line is not broken in the box it would suggest 6100 is the lowest the price could go, and slightly rising over time.
I don't think it will stick, just interesting to see over time.
Green line could be a min price, Red line could be a max price.
Total late night musings against any normal TA!!
I don't think it will stick, just interesting to see over time.
Green line could be a min price, Red line could be a max price.
Total late night musings against any normal TA!!
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.