ACC: monthly part 1
Updated
Here ,
Trend discussion :
major Trend of Price is Uptrend
intermediate Trend is downward
price has just broken intermediate Trendline. And the price moves upwards.
parallels channel :
Price has created access twice.
From which it can be inferred that after breaking the channel, the demand has such an effect that the price comes back into the channel.
Seeing this opportunity, buyers are active and the price goes up more and more.
Reflection point: is the point at which demand is raised to meet the supply.
or
which demand is raised to meet the supply
If these points occur outside the channel it is called access ! it gives power to upcoming Move.
Right now on taking price is on the Gravitation line.
The price has broken the intermediate Line but the candle has not Closed out !
so we will wait for it ..
Fibonacci :
all time High of price is 1869.95.
all time low is 84
Price has crossed extreme level which is 61.8% which indicates strong bullish Trend. and price often respected 50% Level.
we can take entry when candle cross above Gravitation line
Trend discussion :
major Trend of Price is Uptrend
intermediate Trend is downward
price has just broken intermediate Trendline. And the price moves upwards.
parallels channel :
Price has created access twice.
From which it can be inferred that after breaking the channel, the demand has such an effect that the price comes back into the channel.
Seeing this opportunity, buyers are active and the price goes up more and more.
Reflection point: is the point at which demand is raised to meet the supply.
or
which demand is raised to meet the supply
If these points occur outside the channel it is called access ! it gives power to upcoming Move.
Right now on taking price is on the Gravitation line.
The price has broken the intermediate Line but the candle has not Closed out !
so we will wait for it ..
Fibonacci :
all time High of price is 1869.95.
all time low is 84
Price has crossed extreme level which is 61.8% which indicates strong bullish Trend. and price often respected 50% Level.
we can take entry when candle cross above Gravitation line
Trade closed: target reached
Note
Press the play option to check the result of this analysis.
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.