Just having a play around with basic trend lines & support/resistance lines.
Tried to play out a trade.
Target 1&2 is sitting on a defined support line. Following new trendline.
Target 3 is placed at ATH level
MACD is indicating (late) a bull run supporting my theory.
Have I got anything wrong? What are your thoughts?
Tried to play out a trade.
Target 1&2 is sitting on a defined support line. Following new trendline.
Target 3 is placed at ATH level
MACD is indicating (late) a bull run supporting my theory.
Have I got anything wrong? What are your thoughts?
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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.