A bar pattern of the Jan-May higher high's has been taken and over-layed the current structure. The DMA's are the Pi-Cycle top model (top is a moving avg of 350*2, bottom is a 111 day MA) have served as critical lines of resistance and support.
What am I watching?
- First, the bar pattern is clearly similar, however, less explosive. (Less buying power and investor impetus).
- In order to stage a leg to the downside, we must complete the LH from a top and break the 111DMA.
- Trend Line has to be broken.
- Lastly, strong sell volume can be appreciated during a top, followed by weak buying volume the following top.
Just my .02
Cheers
What am I watching?
- First, the bar pattern is clearly similar, however, less explosive. (Less buying power and investor impetus).
- In order to stage a leg to the downside, we must complete the LH from a top and break the 111DMA.
- Trend Line has to be broken.
- Lastly, strong sell volume can be appreciated during a top, followed by weak buying volume the following top.
Just my .02
Cheers
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.