Overall Trend: Upward Trend: The green lines suggest an overall upward trend in the stock's price. This means the price has been generally increasing over the period shown. Price Movement: Volatility: The price has experienced significant fluctuations, with periods of sharp rises and falls. This is indicated by the vertical lines, which represent the price at...
On this chart, there are lines called "Fibonacci retrenchment levels," which help predict where the price might go up or down. Here's the simple breakdown: The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart. The blue arrow on the chart suggests that the price might go up. There's also a...