NumeraireLong
Some interesting levels to watch for NMR
Would be good if it breaks into green ellipse, but even if it keeps testing the bottom, things are looking up. If it falls into the red, I may add to my position.
** This is all very experimental at the moment. I feel like the ellipses don’t have as much predictive power about direction, but seem to do a better job than trend lines at defining boundaries. Still learning, but it is pretty delightful to see candle wicks exactly bounce off an ellipse you drew over a day ago. Doesn’t always happen, and I still discover that I drew the wrong ellipse or some ellipses I drew need adjustment with new price action, but so far it has been a fun activity.
** This is all very experimental at the moment. I feel like the ellipses don’t have as much predictive power about direction, but seem to do a better job than trend lines at defining boundaries. Still learning, but it is pretty delightful to see candle wicks exactly bounce off an ellipse you drew over a day ago. Doesn’t always happen, and I still discover that I drew the wrong ellipse or some ellipses I drew need adjustment with new price action, but so far it has been a fun activity.
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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.