Seems like a textbook version of stage analysis. We are currently at point B, which is entry for us!
Several things I like about this chart
1. Forming high lows and higher highs, signifying a change in trend
2. On weekly 20SMA
3. On resistance turned support, offering us a low risk entry
4. On a smaller daily timeframe, we see a false breakdown
Several things I like about this chart
1. Forming high lows and higher highs, signifying a change in trend
2. On weekly 20SMA
3. On resistance turned support, offering us a low risk entry
4. On a smaller daily timeframe, we see a false breakdown
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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.