A bar pattern of the Jan-May higher high's has been taken and over-layed the current structure. The DMA's are the Pi-Cycle top model (top is a moving avg of 350*2, bottom is a 111 day MA) have served as critical lines of resistance and support.
What am I watching?
- First, the bar pattern is clearly similar, however, less explosive. (Less buying power and investor impetus). - In order to stage a leg to the downside, we must complete the LH from a top and break the 111DMA. - Trend Line has to be broken. - Lastly, strong sell volume can be appreciated during a top, followed by weak buying volume the following top.
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.