JETS Chart

2020년 3월 27일

Charted the main box ranges and then also included high volume lines which can act as either support or resistance. If price is coming up from below HV line can act as resistance. If price is coming from above HV line can act as support. High volume line is where price saw the most action (where the most buying and selling took place) for this reason, it is understood to be the fair price as both buyers and sellers were eager to buy/sell at this point. As of now price is in discovery the former downtrend (lower lows and lower highs reversed on ~March 23rd. Current plan is to wait for price to re-enter a range and breakout to establish trend direction.

Charting was done on 1W timeframe and then finished on 4H timeframe.