Noticing some more fractal similarities with November 2020, and other price peaks.
The slaying out of the MAs. the 1.236 Fib level, and run along the upper Bollinger Band are all similar features of the November 2020 peak, just prior to its 38% correction. With low volume, a move to take profits could have significant impacts.
Where to you think support will hold? The 1D 20MA or the 1D 50MA?
The slaying out of the MAs. the 1.236 Fib level, and run along the upper Bollinger Band are all similar features of the November 2020 peak, just prior to its 38% correction. With low volume, a move to take profits could have significant impacts.
Where to you think support will hold? The 1D 20MA or the 1D 50MA?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.