If we see price close above the Upper Medianline Parallel, then the chance to reach the Warning Line is very high...
...the opposite is, when price can't make it, then the Centerline will be a high probability profit target for shorts (...or new buys).
P!
...the opposite is, when price can't make it, then the Centerline will be a high probability profit target for shorts (...or new buys).
P!
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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.