Tonight may be interesting...
If we can break through the trend line, hold on tight.
If we don't, alternate path for lower highs until we manage to.
Not investment advice, do your own DD & research.
If we can break through the trend line, hold on tight.
If we don't, alternate path for lower highs until we manage to.
Not investment advice, do your own DD & research.
Note
Trend has continued. Path has obeyed downward trend with lower lows. Break out above this orange path would be bullish and may signal a strong reversal.Note
Watching closely for confirmation of breakout. If break through fails, back down to .27 or so, which would be a prime opportunity before the next run up to .45 or so. Possibility of consolidation here as well, which would be bullish.Stay tuned.
Note
Still obeying shelf.No breakout.
Note
Load the candles and you will see the path continues downward along with the red path called. If we continue down to the .25 range, I expect sideways to slightly upward movement.
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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.
Related publications
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.