Here are a lot of lines cooking.
According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork.
In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline.
A break of this dashed orange CL' would indicate a further drop to the L-MLH (orangen). Then from there again one floor deeper, to the white dashed CL'. And if this support is also not holding, then the Rule Nr. 1 applies to the yellow Centerline.
I guess we a nice observation path...
P!
According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork.
In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline.
A break of this dashed orange CL' would indicate a further drop to the L-MLH (orangen). Then from there again one floor deeper, to the white dashed CL'. And if this support is also not holding, then the Rule Nr. 1 applies to the yellow Centerline.
I guess we a nice observation path...
P!
Note
BTW: Observe this A/R too...
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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.