Simply, PA is now on a line of support that goes way back to 2017
PA Rose above it in 2019, COVID caused a Drop below but PA Recovered.
The 2022 Bear kept PA below for a Long Time but we broke back over.
And now, we test it again at te end of the 3rd Ranging period this Cycle.
There are things that Both Support and wtroy the idea that Oa can stay here and so we really do need to remain vigilant...
This Zoomed chart explains the situation clearly.
So we see, PA is now in a triangle, with the 2.618 Fib extension at around 103978, acting as resistance and the Long Term line f support mentioned above , as support.
This is a tight Squeeze. The Apex is around 17 November
PA ALWAYS REACTS BEFIRE THE APEX
This could be abytime from now till then.....
Be Ready
Bulls....We need you
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.