3 month candle set to close in a few days:
above upper blue = support
below lower blue = resistance
we are also below the 7ema which we only dropped below momentarily 2018/2019, long wick recovery on 14ema in this current candle but coronavirus making markets uncertain
above upper blue = support
below lower blue = resistance
we are also below the 7ema which we only dropped below momentarily 2018/2019, long wick recovery on 14ema in this current candle but coronavirus making markets uncertain
Comment:
monthly simple. above bull, below bear. fake out to either side and then opposite move to rinse marketeers