I can see a clearer picture of the price action before me. This is what I now believe to be happening. Price will be going in a sideways range for the next 24 months.
To confirm this thesis, I will need to see that stop run low and close back inside. Next, I will need to see price retrace back down and layer into that low but not take it out.
One full range expansion of this range will be 49,000
If this thesis is true, then we are nearing a sort of rounding top. I believe 2024 will finish the year out going sideways up at the top.
To confirm this thesis, I will need to see that stop run low and close back inside. Next, I will need to see price retrace back down and layer into that low but not take it out.
One full range expansion of this range will be 49,000
If this thesis is true, then we are nearing a sort of rounding top. I believe 2024 will finish the year out going sideways up at the top.
Note
If this long term trendline will hold here, then this will be a great place to buy. After the stops have been hit to the downside. No stops to the downside have been hit yet.
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.