In this photo, A sky-blue horizontal line was generated by CC59 counting down to -9. When this line was tested as a support level and the stock price could close above this line again, that point would have high possibility to give at least 4% return from a buy entry. To copy the setting of this graph into your own TradingView chart, just click on the magaphone...
This educational idea studies an hourly graph of SET:TASCO, a big asphalt refining company in Thailand. The aim of this study is to learn spotting a setup for a new downtrend so that a PUT Derivative Warrant referencing this stock could be entered for short-term investments.
With Graph Reader Pro 4.0 for TradingView, many tasks for this study are done...