Longterm bullish, but PA seems to respect rising channel and bounce between resistance, midline and support. Each bounce forms distinctive pattern of rising wedges that break upward and test either channel resistance or midline followed by a descending triangle or falling wedge. The Bollinger bandwidth give a sense of timing for volatile moves.
This model predicts a one year bear market, although in my previous ideas I predicted the bear move to last just several months. We will get more clues as PA unfolds.
This model predicts a one year bear market, although in my previous ideas I predicted the bear move to last just several months. We will get more clues as PA unfolds.
Note
idea has not been invalidated, still testing the rising wedge,
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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.