We can observe that there are some patterns of trend lines(Blue lines) in a diagonal shape and that those who break form another diagonal patterns with the exact trend form. Also, there some sub-trends that go in half inside them.
There are 3 levels. After breaking the first level, a diagonal trend line is formed and it bounces just as it hits the support level of this trend line.
After breaking the second level into the third one, the trend goes into a sub-zone and then breaks going above the major trend line which comes since October. However if it re-enters the trend zone, it could follow the same diagonal trend, continuing with the top sub-level and then going down to the support level between 2nd and 3rd diagonal trend level zone.
There are 3 levels. After breaking the first level, a diagonal trend line is formed and it bounces just as it hits the support level of this trend line.
After breaking the second level into the third one, the trend goes into a sub-zone and then breaks going above the major trend line which comes since October. However if it re-enters the trend zone, it could follow the same diagonal trend, continuing with the top sub-level and then going down to the support level between 2nd and 3rd diagonal trend level zone.
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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.