Which path will be taken this third quarter: blue, black or orange ?!
That depends on the weekly closing price.
With weekly close over the top black line next week I would prefer the blue path and expect 3306. To reach 3306, the price may be bullish even without stronger resets.
If, on the other hand, next week closes below the black line, then the black path would favor.
The orange path is in question if there is a false break over the black line, which is short-lived.
That depends on the weekly closing price.
With weekly close over the top black line next week I would prefer the blue path and expect 3306. To reach 3306, the price may be bullish even without stronger resets.
If, on the other hand, next week closes below the black line, then the black path would favor.
The orange path is in question if there is a false break over the black line, which is short-lived.