Shopify: Crazy Chart, Big LevelHave you ever seen a level as outstanding as this one? Yes, but this one's great too.
But will we ever get there though? Maybe with some tariffs action we do.
Outstanding level = strong level
We do have breakdown PA at the top (SFP) but the lack of structure in the downmove (2022) makes this less relevant as the lack of structure meant that price could easily come back up and not completely destroy the chart resulting in a downtrend.
This is clearly not an obvious uptrend, but I think the $23.63 level is that strong (because it stands out that much) that it makes up for it. But only if price keeps falling down to it like it's doing now: this way you don't get structure in the downmove (like in 2022), thus no resistance above the level after price would have hit it, increasing the chance of price holding and thereafter pushing up away from the level (likely in big fashion given the way price behaved before + this lack of structure).
