Will the green support hold? 3rd time testing.
First jan 2017
Second feb/March 2020
Third april 2022
Both distance and time it took to hit the green support were shorter than the one before. At this rate price could go up & back down to touch the green support with a year from now.. if retail support holds.
At the risk of catching a falling knife (no choch)
Abut seems more possible:
Reached green support
Reached weekly support
Price is now ranging/consolidating
Lower timeframes (1hr I think) there’s bottom wick candles that to me seem like the big d*** swinging market movers have already started to enter.
What could happen is a push down to hit buy stop losses then price pushes up, taking out the sellers stop loss too or vice versa, just waiting atm.
Will be focusing on lower time frames for PA & any entries either buys or sells I’ve marked my weekly levels on this chart, other broker charts I have lower time frame pa levels.
(Didn’t use oanda so this won’t get many views… meh nobody sees a cluttered chart then)
