Meta PlatformsLong
GREEN CHANNEL TO RED CHANNEL
Price did gap cross over from yellow channel to green channel and played within the green boundaries.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.
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.