On the Others daily chart, there’s a formed inverse head and shoulders. The base of the formation acted as support during the last drop after rejection from the 200MA.
Now, price is attempting to push through the BB center, with SMA and MLR helping from underneath. Additionally, there’s a clear ascending trendline that continues to act as dynamic support.
Only price action will confirm the next move toward the 200MA.
Posts come from time to time—interactions help with visibility.
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Price was rejected once again at the 200MA and is now attempting to find support at the ascending trendline of higher highs. Related publications
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Related publications
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.