Red Neckline Zone(RNZ): price comback first and second try touch 50 day EMA(1311) then drop forming a Bearish Line Zone.
Blue Neckline Zone(BNZ): Price Drop to the low of 1073 forming a big V shape Bullish Neckling Zone.
Now price circle around to backtest.
Maybe backtest Red Neckline Zone.
Maybe backtest Blue Neckline Zone.
Which one backtest can kick-in more?
Maybe both side can kick-in, too.
Bias is on the bull side.
Blue Neckline Zone(BNZ): Price Drop to the low of 1073 forming a big V shape Bullish Neckling Zone.
Now price circle around to backtest.
Maybe backtest Red Neckline Zone.
Maybe backtest Blue Neckline Zone.
Which one backtest can kick-in more?
Maybe both side can kick-in, too.
Bias is on the bull side.
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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.