GS Glitch
Updated
I had this developed when the price was near the blue rectangle on the left. When I saw it at 510 I though it is a dud project. Now after the rebound from the green I decided to share it just in case we get to see some more relevant price action near the elements.
Not sure if the projection in time of the linear pathway is relevant. Could be dilated for months for something that could happen in weeks. Nevertheless, I have an interest for the last yellow arrow which could provide a setup for a broader bearish move. Don't know where/when such a setup might occur yet.
Not sure if the projection in time of the linear pathway is relevant. Could be dilated for months for something that could happen in weeks. Nevertheless, I have an interest for the last yellow arrow which could provide a setup for a broader bearish move. Don't know where/when such a setup might occur yet.
Note
Long candlestick shadow and a bearish day at the white arc signaling resistance. Will the price eventually break the white and find support? Or will it keep decreasing.
There is room for more bearish mood I think, but not necessarily a reversal for a revisit of the low that started the bull move.
Trade active
I am still interested in the yellow arrow though
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.