Down sloping PF off 2016 low and 2018 high (red)
- The median line provided some key areas of resistance/support from 2017 to present
- Support in 2020 low off lower parallel (good rejection)
- Test after price break late 2020
- Next target is upper parallel. An option is that price breaks above upper parallel then pulls back to test the break [A]
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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.