Two more touches of the channel - top and bottom- and this should hit 60.
The Kalman Smoother is a lookback-probabilistic tool. That means here, we exercise hindsight. See what happened last time we had a sustained cross? Ladies and gentlemen, this timeframe is is on the weekly...
Looking at the linearly interpolated bollingers on the ranges, I'd say this should do what this shows it probably should do. Note the finite volume diversion (red).
Support has been found over the sign of weakness. Entry price 0.6438, very tight stop... could try to uphold a descending wedge to 60 but we've already explored those areas in the process.
Could break above the diamond, but this looks like it's a guide for how things are to come.
MVWAP Bands in Green, set on 1-2-3sigma. Kalman smoother in Blue / filter in red. Bottom is Markos Kitsanos' Finite Volume Element (red) with a Kalman Smoother (thick blue) & Filter (thin). Bollinger Bands set to 120 and 12 on 6sigma. From a technical standpoint, this is a long.
Here's a classic wyckoff accumulation phase building up if we're to assume a deep support and higher highs.
Gap up showing the importance of the recent MVWAP harmony on the 1W. See pic below.
This is a COVID play. This company probably has supplies stocked around the U.S. waiting to be distributed during lockdowns.
Not by chance - this is a strong algorithm with interesting implications at this point.