FX:NZDCHF   New Zealand Dollar/Swiss Franc
if the price breaks the elliptic zone, the price can reach the yellow line then rejected from there.
short is expected either from the elliptic zone or the yellow line...
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.