Descending Channel for QC Copper & Gold?
It appears as though QCCU is trading in a descending channel, if the bottom support is lost then be very cautious.
On the KST there's been a bearish cross where I have placed the red downward pointing finger.
The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern.
The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent.
This chart is done on a log scale, I will link another chart done differently.
If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
On the KST there's been a bearish cross where I have placed the red downward pointing finger.
The DMI is showing a bearish cross where the red line has crossed over the blue in an upward motion, I have placed red finger icons as some other similar previous examples. Keep an eye on the DMI because it's possible the blue line crosses over the red and orange in an upward motion this week if there's going to be a bullish reaction off of the bottom of the descending channel pattern.
The dark red line on the chart represents the baseline of potentially a descending triangle or bullish flag formation, when viewing from a longer-term time perspective than a 6-month chart it becomes more apparent.
This chart is done on a log scale, I will link another chart done differently.
If this was a descending triangle or potentially a bullish flag the baseline of support has been lost.
Related publications
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.