Possible 2 Scenario development:
1. Sideway walking between Orange and Green Zone.
2. Backtest previous support (Blue Zone)
Support:
-8 days SMA(Green zone),
-8 weeks SMA(Blue Zone),
-20 weeks SMA(Lime line),
-30 weeks SMA(Blue line)
Resistance:
-85 weeks SMA(Red line),
-90 weeks SMA(Purple line)
Personal Record only, not for any financial advise.
1. Sideway walking between Orange and Green Zone.
2. Backtest previous support (Blue Zone)
Support:
-8 days SMA(Green zone),
-8 weeks SMA(Blue Zone),
-20 weeks SMA(Lime line),
-30 weeks SMA(Blue line)
Resistance:
-85 weeks SMA(Red line),
-90 weeks SMA(Purple line)
Personal Record only, not for any financial advise.
Note
Backtest blue zone Scenario.
Note
As per our estimated. Possible A Falling Wedge Pattern.
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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.
Related publications
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.