Multiple tests and rejection at 61%
Sitting just above weekly 21EMA
Lagging in a relatively strong market
=
Likley bottom
Optimal Area for a long. On a retracement pattern that always revers to the 0% line, this gives at minimum +100% return over time.
The only concern to this would be the prev. main s/r not being retested.
Sitting just above weekly 21EMA
Lagging in a relatively strong market
=
Likley bottom
Optimal Area for a long. On a retracement pattern that always revers to the 0% line, this gives at minimum +100% return over time.
The only concern to this would be the prev. main s/r not being retested.
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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.