GE monthly angles.
For me to get the 12.89 area as a potential support area, I connected a white trend line on the swing low during the month of 12-01-14 @ 23.41 with the lower swing low during the month of 8-03-15 @ 19.37. Then I let that travel in time. After that, I placed a white vertical line on the swing high on 7-01-16 @ 33.00. Where it intersects with the white trend line is @ 12.89. To get the next area of interest where this could go upward, I placed a yellow trend line on the swing high @ 42.15 on 10-01-07 and connected it with the swing high on 7-01-16 and let it travel in time. Then I placed a yellow vertical line on last month's candle, with a low @ 13.95. And price, as yet, has not made a lower low than that. Where that yellow vertical line intersects with the yellow trend line @ 31.27 is where I'll be watching as a next potential top. I'm a long term investor, so I like looking at the higher time frames with less noise.
"Always listen to experts. They'll tell you what can't be done, and why. Then do it." - Robert A. Heinlein
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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.
"Always listen to experts. They'll tell you what can't be done, and why. Then do it." - Robert A. Heinlein
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.