A completely arbitrary line you have drawn on such a large timeframe. See, you have to start it from the January 2021 pinbar. And then the line divides the price movement into what is above it and what is below it. Yes, price has now broken up from the line. But, the weekly volume flow indications and the overbought market are not giving support to the momentum. Therefore, price will dive under the diagonal down again. Consolidation will take place at the level. The size of the head and shoulders figure on the weekly chart is such that a correction is totally inadequate.
Vibration_IS_Law
⋅
@averkie_skila, you must of not understood the statement. Nothing to see here, move on.
Consolidation will take place at the level. The size of the head and shoulders figure on the weekly chart is such that a correction is totally inadequate.