We are testing the "king of overreactions" trend line
The diagonal trend line shown in this chart shows us that this trend line is still relevant.
For now we've seen it holding today.
We can see that 4 times it sends us back with no mercy, including May 2021.
But it's also been a catapult of price to the upside.
Decisive times 100%
At the moment I have a bearish short term bias so I'm going with the option of hitting next levels down if we break below it this descending trend line.
For now we've seen it holding today.
We can see that 4 times it sends us back with no mercy, including May 2021.
But it's also been a catapult of price to the upside.
Decisive times 100%
At the moment I have a bearish short term bias so I'm going with the option of hitting next levels down if we break below it this descending trend line.
Join our membership to gain access to the private scripts.
thetradingparrot.com
thetradingparrot.com
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.