Level of confidence for this simulation is below 31% but it could go up in case intriguing hits and inflections happen near the dots. Overall my points of interest are the potential numbered inflection points. Time stamp and or price level would suffice regardless of the deviations, but in order to consider any of these setups as potent or viable or to have a decent amount of probable mathematical advantage, we first need to see how we get there and how it looks when it lands in any of the potential setups.
Also, there should be some interest in the potential big blue zone of influence but as mentioned, I am more interested to see if Baba bats and hits the dots and sends it on the developed path or at least on one wave out of all of them.
Also, there should be some interest in the potential big blue zone of influence but as mentioned, I am more interested to see if Baba bats and hits the dots and sends it on the developed path or at least on one wave out of all of them.
Note
Second icon is a hit and while the dotted path suggests a potential rise towards the top edge of the red zone, there is also the possibility of a further decrease towards the green if the current (could be temporary) support level doesn't hold.Note
The hit on the second dot with a reversal in sentiment and mood and even momentum should end the project right here in case this is the last dot and pivot to occur coincidentally with the elements in the project. Coincidently there are some signs of resistance again at the lower edge of the red zone. Next trading days could be crucial for baba bulls if they want to keep this run going.Note
approaching the time stamp of the white dot and will be looking for potential turnarounds for baba. Note
That rebound from the top edge of the red was intriguing, but the red zone is over, and we have a high candlestick closing in the green above the danger zone. It could be a trap, but I am not convinced and am not confided in a short from this current setup for now.Note
Hit on 4th dot after considerable drop. I am still not convinced about the potential of reaching 74 in order for this to be an attractive short setup...
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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.