In my previous thread I posted 3 PA scenarios and now price has progressed a bit we can see price is beginning to reveal as it plods up the lower trendline of the red contracting triangle.
It is now moving passed the blue upper median line of the descending pitchfork so an ABC zig zag descent is pretty much not going to happen.
However price is still within the green horizontal high volume band which it will need to significantly evident a move to the upside.
Also to add RSI is settling in the upper quadrant which would favour an upside move.
Not advice.
It is now moving passed the blue upper median line of the descending pitchfork so an ABC zig zag descent is pretty much not going to happen.
However price is still within the green horizontal high volume band which it will need to significantly evident a move to the upside.
Also to add RSI is settling in the upper quadrant which would favour an upside move.
Not advice.
Your FA guru can't read a chartš
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Your FA guru can't read a chartš
I run a technical group with lots of content every day + regular videos, 1:1, chatroom š.
Better than all the rest? My record speaks for itself š”.
Telegram Group: $50 per monthāØ.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom š.
Better than all the rest? My record speaks for itself š”.
Telegram Group: $50 per monthāØ.
Contact: t.me/dRends35
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.