Blue: Horizontal Resistance
Light Blue: Trend Line Resistance
Yellow: Support(s)
From my analysis of "T", I have found that it will be good for a long strategy. If at April Nineteenth It breaks the resistance and/or support and goes either way, It will hit either my first support (in purple). From my analysis on a grander scale, (3M, 6M), it most likely will not break that support. In regards to breaking the resistance (in orange), that is more likely. From todays performance alone (almost reaching the 32.00 resistance by one cent), it will break that resistance (in orange) in around the one o'clock to five o'clock mark.
Thanks for reading. I am a beginner and don't even know if this anything near correct. Feedback welcome!
White circles are markings for other timeframes.
image]
Light Blue: Trend Line Resistance
Yellow: Support(s)
From my analysis of "T", I have found that it will be good for a long strategy. If at April Nineteenth It breaks the resistance and/or support and goes either way, It will hit either my first support (in purple). From my analysis on a grander scale, (3M, 6M), it most likely will not break that support. In regards to breaking the resistance (in orange), that is more likely. From todays performance alone (almost reaching the 32.00 resistance by one cent), it will break that resistance (in orange) in around the one o'clock to five o'clock mark.
Thanks for reading. I am a beginner and don't even know if this anything near correct. Feedback welcome!
White circles are markings for other timeframes.
image]
Comment:
CORRECTION: I said April 19, I meant April 3rd. Read the date wrong.
