There are things to be said for complicated and highly technical TA using in dicators that read all the online data available.
But at the end of the day, Trend lines can very often tell you exactly the same thing.
The Chart above simply shows the lines of support and Resistance.
The Current line of support comes off a line made in May / June this year
The line of resistance comes from a line created in October this year
These 2 lines meet towards the end of the month and if PA remains between these 2 till then, that will create the expected RED month candle.
If we drop below this area, we arrive at 2 other trend lines that habe an intersection around 96K.
This is a Zone quoted by any analysts including myself, as an area of Make or Break.
But also nothe the line of support below that too....around 88K - 90K
This is also an area quoted by highlt technical indicators.
And just a quick Zoom out to see the whole picture.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
