OTHERS.D likely path for weeks ahead...
As you can see on the chart the current level at between 12.2% and 12.6% have acted as a strong ceiling for
OTHERS.D
on June 2017, January 2018, April 2018, October 2020, February 2023 and November 2023. So obviously that ceiling is a valid candidate for a future strong support level.
On the other hand, OTHERS.D have broken out of a descending channel which it was inside from April 2022 to August 2023 and since, followed a bullish trend in which it have shown EMA 144 to act as a strong support.
So, in case of a LIKELY INCREASE in the OTHERS.D measure over the course of next several weeks, I will be looking at 13.75% and 15.40% as possible targets for the move.
Thank you for reading this,
Have a great trading and always KEEP IT SIMPLE.
OTHERS.D
on June 2017, January 2018, April 2018, October 2020, February 2023 and November 2023. So obviously that ceiling is a valid candidate for a future strong support level. On the other hand, OTHERS.D have broken out of a descending channel which it was inside from April 2022 to August 2023 and since, followed a bullish trend in which it have shown EMA 144 to act as a strong support.
So, in case of a LIKELY INCREASE in the OTHERS.D measure over the course of next several weeks, I will be looking at 13.75% and 15.40% as possible targets for the move.
Thank you for reading this,
Have a great trading and always KEEP IT SIMPLE.