The weekly chart for TREX shows that price appears to remain bounded by the upper band (red) and basis (white) of the Fibonacci Bollinger Bands as it has since the Great Recession. The price is looking ready for a bounce. The oscillators are too oversold on the monthly chart to support a high probability that TREX will drop sharply below the white level. Therefore this price area represents a rather low-risk buying setup.
Not financial advice. As always anything can happen and trends can end.
Not financial advice. As always anything can happen and trends can end.
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To support my work:
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To subscribe to my YouTube channel:
youtube.com/@SpyMasterTrades
To follow me on X:
twitter.com/SpyMasterTrades
To tip me (BTC wallet):
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patreon.com/SpyMasterTrades
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To follow me on X:
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To tip me (BTC wallet):
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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.