Can you give me the sesame street version breakdown of what's going on here? I'm a noob so all I see are beautiful crayola lines lol. Thanks!
EMC2PRoPheT
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@vforvix, THe dash lines are your levels...on way down are support on way up are resistence levels...where u usually will retrace when hitting on lower time frames. Its set in a triangle from the top of a punp...it falls into a bullish or bearish flag...if it drops it is bearish and will continue its waves in the triangle...where it could drop or rise