Parabolic Stop and Reverse (SAR, PSAR) was originally developed by J. Welles Wilder. It derives its name from the fact that when charted, the pattern formed by the points resembles a parabola. A buy label is observed on the chart . The dots show the support points for the rising trend.
The price was facing resistance at 850 and is observed to be broken. The candle in progress is strong and tall nearing the Fibonacci level of 961.40 . The Fibonacci retracement is drawn from high of 1341 to low of 726.80 . The resulting Price levels are as observed on the charts.
The GANN square of 9 provides important support and resistance levels . The price is nearing 946 an important GANN 9 level.
The price was facing resistance at 850 and is observed to be broken. The candle in progress is strong and tall nearing the Fibonacci level of 961.40 . The Fibonacci retracement is drawn from high of 1341 to low of 726.80 . The resulting Price levels are as observed on the charts.
The GANN square of 9 provides important support and resistance levels . The price is nearing 946 an important GANN 9 level.
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.