Line 1 (red)
The resistance is very strong for this chart and during this period it has not been able to break this line and stabilize above this line.
Line 2 (blue)
This line was the resistance line for the downtrend, and I think after breaking this line, a new uptrend will start after Pullback this line.
Line 3 (green)
This is a very valid support for this chart and can be re-supported on this line in case of a severe correction.
Line 4 (purple)
This line played a supporting role in the short time that it is now broken. If this line plays the role of resistance now, we should wait for the downtrend trend, and wait for support on lines 2 or 3
The resistance is very strong for this chart and during this period it has not been able to break this line and stabilize above this line.
Line 2 (blue)
This line was the resistance line for the downtrend, and I think after breaking this line, a new uptrend will start after Pullback this line.
Line 3 (green)
This is a very valid support for this chart and can be re-supported on this line in case of a severe correction.
Line 4 (purple)
This line played a supporting role in the short time that it is now broken. If this line plays the role of resistance now, we should wait for the downtrend trend, and wait for support on lines 2 or 3
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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.
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.