the 200day wilder moving average and the other picture, complementing the point and figure chart
Disclaimer.. not an investing/trading recommendation
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update.. the last point of support is in formation currently.. as it went deep inside the trading range, the lps as mentioned in the idea chart was followed by another one, the grey MA is most likely to be the skeleton of the lps...
we are in the penultimate phase of this accumujaltion
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lps formation done
now the game will be interesting, enough momentum must be there to breakout of the trading range support, n prevent a double top formation
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either the nullish nar of a polite side ways action expected in this https://channel...https://www.tradingview.com/x/LQH6RQuQ/
to cross the 7700 heavy resistance region
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the moments[hours] before the launch
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modified ichi setting... the cloud can be"that" trigger..
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standard ichi settings...
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a bigvolume drop followed by a engulf with volumes all at the change of character at the red cloud which has started a support... looks like may be this is ir.. there is a desperate attempt to break the ma resistance
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Also note the volume on the last test, it was massive....