Here is the theory, based on past performances, touching the blue ring, pushes price up, touching the red ring, pushes the price down. There is more to it , but this is simple as I can put it. I have not completed the other rings but will in m next post.
Note
Hidden Bullish Div. on the 4 hrly
Note
Looking at the play. It would help significantly if the price dropped to a likable support level, like loading up a spring, and then pow. I have bought in at 9050 and have more reserved just above 8800 for that 2 scenario play, Still having the RING as the initiator
Note
Yellow line has been the main resistance and the bottom the main support. 30 Min chart
Note
Note
I have added a few more rings so I can determine the granular points of resistance and support to make those short trades in between. If you roll my chart forward, you will see the pivot point worked.
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.