Hey guys,
The chart says it all, more or less. I have a larger pitchfork on the monthly chart,
price hit its median line @ 125.3xx and bounced off it. If we are destined to hit the
lower paralel line we will see 90 - 100. Breakout to the upside could mean 130 - 140.
I personally have bearish sentiment on the larger time frames and believe a move
towards 90 - 100 is more probable.
But first the weekly, as you see this is perfectly tradeable, draw your channels on the daily
and long/short the rejections.
The subtle striped blue lines represent the monthly medianline(upper line) and its parallel line(lower).
Goodluck
The chart says it all, more or less. I have a larger pitchfork on the monthly chart,
price hit its median line @ 125.3xx and bounced off it. If we are destined to hit the
lower paralel line we will see 90 - 100. Breakout to the upside could mean 130 - 140.
I personally have bearish sentiment on the larger time frames and believe a move
towards 90 - 100 is more probable.
But first the weekly, as you see this is perfectly tradeable, draw your channels on the daily
and long/short the rejections.
The subtle striped blue lines represent the monthly medianline(upper line) and its parallel line(lower).
Goodluck
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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.