Russian Moex and the Median Line. The Median Line tells that there could be good probability that prices will reach the Center Line.
This zone could worth a check in case of a "bounce" reaction and if so I would watch the levels here update from
2 Median Lines. The Green one shared for the firts time Wednesday, 13 May 2020, here that could be now offeing a dynamic support zone and the Red Median Line for a potential "first target" zone to check in case of test of the Center Line. Update from
.. no need to be worried of further downside. Only with a close under the sliding parallel, dynamic level in orange, we should see a real drop.
Let's check if prices will move back above, and hold above, 0.1650 minimum for some positivity. From:
I am watching the trendline pullback and I am also back on tracking the potential bear side Median Line on the right. Anyhow as first step I will check if prices will be able to hold the light blue zone of the channel on the left.
The move under the trendline per 2-X been an evident sign of weakness. Let's check if prices will move back above, and hold above, 0.1650 minimum for some positivity. Update
This Median Line pattern been tested 2 times as dynamic resistance -upper parallel- and recently as dynamic support - 50% inside upper parallel. Update from
I used the Median Line per 1.2.3 to check a potential channel that was forming: I updated the idea: Now we had the recent lower parallell-sliding line test and pullback (red arrow), something that may be watching with care in case of more selling pressure particularly with a move back under the light blue zone of the pattern.
Potential support zone offered by the trendline per 2 and X. Potential support zone with the test of the sliding inside parallel to the Median Line "S" on the chart. This chart should be considered as part of related previously posted ideas. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...
Updating the chart posted Dec. 7 2021 Dynamic levels as potential supports-resistance on watch. SMA50 potential support on watch.
I will check for more downside - red Median Line - only in case of a close outside the weekly channel. To check some levels and realise what I am writing about just press play and update some charts I already shared:
Pivot high, pivot high and pivot low. Searching for a channel to trade and we may have found one. Res. 41K and 45.2K Update:
Pitchfork channel could be used to check some dynamic support and resistance levels.
The dynamic trendline and the SMA20 offering a pretty relevant support zone to check. The main trend remains intact! Update from
As the late dear dr. A. H. Andrews wrote: "There is a high probability that: prices will reach the latest ML (Center Line) prices will either reverse on meeting the ML (Center Line) or gap through it" .. and DATS gave us a pretty nice "case study" to check.
The confluence of 2 dynamic trendlines is offering a pretty relevant resistance zone that need to be cleared for a move higher or we'll probably see a retrace from actual prices. Update: