I have used the ghost candle tool on the WEEKLY timeframe to show the similarity between these two Time Periods (A and B).
You can see that the moves have been similar, and that a similar move, if it repeats, still has another week or two to play out fully, and could bring us to the $70 region, IF the same momentum is there.
Please do your own research--this is not advice to buy.
You can see that the moves have been similar, and that a similar move, if it repeats, still has another week or two to play out fully, and could bring us to the $70 region, IF the same momentum is there.
Please do your own research--this is not advice to buy.
Note
Ghost candles are created from the candle pattern under Time Period A
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.
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.