The videos shows my interpretation of the (S) and (R) i see on daily&week.
Daily: we see (S) formed on 9/23 and it's still being used
causes us to bounce that (S) to test prev (R) & 10ma(R) today on Daily!
Week: we see it's still holding above 10MA as (S)
we also have new (R) form 10/14~10/25.
Bull's plan: Waiting for Daily to reclaim10ma from (R) to (S), and aim prev Lower High (R) ~5821 then ATH(R) ~5915
Bear's plan: Waiting for Daily to reject current (R) to test prev (S) ~5745
Daily: we see (S) formed on 9/23 and it's still being used
causes us to bounce that (S) to test prev (R) & 10ma(R) today on Daily!
Week: we see it's still holding above 10MA as (S)
we also have new (R) form 10/14~10/25.
Bull's plan: Waiting for Daily to reclaim10ma from (R) to (S), and aim prev Lower High (R) ~5821 then ATH(R) ~5915
Bear's plan: Waiting for Daily to reject current (R) to test prev (S) ~5745
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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.