All elements are envisioned potential support/resistance zones/forces. My main bias would be for a ping pong between the pink rectangle, the purple curve, the red long plank and an incursion towards the last red, but I am open to other scenarios as well, watching the price action at any of the elements that the market will reach.
The marked price levels can be for both types of scenarios: reversals or just consolidation and a break, while at the other stuff, especially rectangles, I am hoping we will see at least 1 reversal of the previous momentum and sentiment.
Will post updates.
The marked price levels can be for both types of scenarios: reversals or just consolidation and a break, while at the other stuff, especially rectangles, I am hoping we will see at least 1 reversal of the previous momentum and sentiment.
Will post updates.
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Low under the purple resistance and will be curious to see if this changes while we approach the intersection of forces where the plank ends, the curve starts, and the blue rectangle potential support/reversal zone sits.
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Back on top of the plank. Let's see if it finds support here. Maybe with a rebound.
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This could end up being a retest...