This is a deduction drawing using the previous highs and lows to create something that might make sense. Potential support and resistance shapes from which the price might bounce again.
A machine learning instrument (AI) would probably detect these math equations and have an eye for the potential future bounces. Traders are usually busy trying to identify flags, channels, and other simple patterns. There might be some intelligence behind the noise that we perceive on the charts. There might be more math than randomness. Doesn't necessarily matter. This is just an experiment.
A machine learning instrument (AI) would probably detect these math equations and have an eye for the potential future bounces. Traders are usually busy trying to identify flags, channels, and other simple patterns. There might be some intelligence behind the noise that we perceive on the charts. There might be more math than randomness. Doesn't necessarily matter. This is just an experiment.
Comment:
First rebound at the white.
Comment:
Second Rebound at the top Purple.