The red lines are sloped Support and Resistance zones. When price is below a line it will act as resistance and support when price is above it.
This is a simple view for where price may react as support or resistance coming from a weekly time scale. It will take a long time for price to move to these extremes.
This is a simple view for where price may react as support or resistance coming from a weekly time scale. It will take a long time for price to move to these extremes.