If it could backtest support : said 1800-1830.
A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support.
A closer look as following:
If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend.
Let's observe if it is still in Adam and Eve pattern development?
A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support.
A closer look as following:
If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend.
Let's observe if it is still in Adam and Eve pattern development?
Note
Major 5 level Grid Range
Note
As per expected, it back-test.
Let's observe how low it will be tested? 50 day MA?
Note
Low side 8 days MA test was Rejected.
Note
High side testing failure. Drop to our target zone.
Note
backtest
Note
Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region).
Note
Note
We mentioned on Oct 25, 2023:
"Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region). "
After break up flag pattern and retest flag upside.
Then it reach Red region.
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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.