UVXY just caught at the strongest recent S/R line.
That green S/R line was not drawn, it was copied directly from the main S/R I drew on the previous spike and downtrend... a Trend Fractal.
That middle red line is the strongest downward S/R and Price just broke above that, which is a little bullish.
However because it is at the bottom of the strongest recent support, we'd still like to see Price put some distance between itself and the support.
Should be a fun journey!
That green S/R line was not drawn, it was copied directly from the main S/R I drew on the previous spike and downtrend... a Trend Fractal.
That middle red line is the strongest downward S/R and Price just broke above that, which is a little bullish.
However because it is at the bottom of the strongest recent support, we'd still like to see Price put some distance between itself and the support.
Should be a fun journey!
Data analyst with a passion for best fit lines... B)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Data analyst with a passion for best fit lines... B)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.