We are in a falling wedge (light blue lines) which is a bullish reversal pattern.
its pretty simple, if we break out and close above the blue line then we will most likely test the next resistance trend line (yellow) at around 8200. In my opinion, if we reject from the blue trend line, a lower low is incoming and a similar reaction will happen if we cant break through the yellow resitsance. IF we do break and close above both, Buying pressure will be unavoidable and will be off to the races for the near future.
Every trendline in this chart acts either as support or resistance. Use them as targets.
=D
its pretty simple, if we break out and close above the blue line then we will most likely test the next resistance trend line (yellow) at around 8200. In my opinion, if we reject from the blue trend line, a lower low is incoming and a similar reaction will happen if we cant break through the yellow resitsance. IF we do break and close above both, Buying pressure will be unavoidable and will be off to the races for the near future.
Every trendline in this chart acts either as support or resistance. Use them as targets.
=D
코멘트:
here's a close up on the 4 hour
코멘트:
Diamond reversal?
코멘트:
looking good, ladies and gents
코멘트:
Hope y’all made some money off this diamond bottom!!!!!