There are 4 disparate indicators occurring at 150 = confluence price point.
1) Anchored vwap
2) Fib 61.8% retracement level
3) support/resistance level
4) bump & run pattern measured move target to 150 (see verticle white lines)
5) sometype of moving average is most likely occurring at 150 too.
1) Anchored vwap
2) Fib 61.8% retracement level
3) support/resistance level
4) bump & run pattern measured move target to 150 (see verticle white lines)
5) sometype of moving average is most likely occurring at 150 too.
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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.