Prediction drawing.
I believe this overshoot will coincide with a failed breakout of the range/triple test, so I'm expecting prices to break the trendline, and retest the bottoms of the range.
I believe this overshoot will coincide with a failed breakout of the range/triple test, so I'm expecting prices to break the trendline, and retest the bottoms of the range.
Note
Ok, this was my first prediction chart here on Tradingview, and I'm happy to report that I wasn't a total abject failure. Prices did indeed overshoot the trend, and is now breaking out the bottom, whilst simultaneously bouncing from the bottom of that range level
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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.