SLB monthly - EDUCATIONAL only - Support, Resistance, Confluence, Fibonacci, Pitchfork - PRICE in a STRONG RESISTANCE area
Comment
⋅
It's just a refresh, no update required. After 1 and 1/2 years, the support/resistance levels and the ascending parallel channel are working perfectly.
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
looking good... really wondering if it can reach the $70 mark before really going into a deep correction... what do you think?
BahamasX
⋅
@JuanpiSLD,Thank you for the comments. This is a monthly chart. We have to wait for the end of the month (candle). Until then we have no idea about the future...
JuanpiSLD
⋅
Hello can you do an update on this analysis thanks
BahamasX
⋅
@JuanpiSLD, Hi, thanks for following my post and for your comments. I don't see that I need to update the post. It works correctly. Maybe finally after 9 months horizontal level 41 becomes support. It's just an orange turns blue color change since October, but we have to wait until the end of the month…Hope it helps, good luck! {This is not a trading or investment advice - informational and educational purposes only}
JuanpiSLD
⋅
Do you think it can easily break it?
BahamasX
⋅
@JuanpiSLD, The market is heading for a break-up, but the cluster (resistance) is very strong ... hope it helps, good luck