This Chart show a very basic Trend line in green with three connection points acting as support.
It also show a Red resistance line at the top.
Assumption:
Price will bounce for a fourth time of the green trend line towards to top resistance line in red.
Assumption:
This could be the begining of a Trend
It also show a Red resistance line at the top.
Assumption:
Price will bounce for a fourth time of the green trend line towards to top resistance line in red.
Assumption:
This could be the begining of a Trend
Note
Green Trend line acted as support. Will e interesting to see will it retrace off the red resistance line or breakthrough and ecome support.
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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.