If the price makes its way significantly above the red trendline I identified in my previous idea, it will break out and go much higher, probably up to the long term trend line and follow that for some time. Otherwise, it will continue down and retest 1160. The price is also approaching a Gann retracement level so whatever price trend is established closely following bouncing off of or passing through that retracement level will likely continue in whichever band is transitioned to.
Here's my previous idea:
You can see that it predicted the price movements fairly well.
This should not be used for making trades, but as an idea to influence your own decision making and predictions based on the chart data. I am not responsible for losses or gains you may accrue.
Here's my previous idea:
You can see that it predicted the price movements fairly well.
This should not be used for making trades, but as an idea to influence your own decision making and predictions based on the chart data. I am not responsible for losses or gains you may accrue.
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.
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.