AMC Channel with Upper and Lower limits

28 cze 2021

This is a curved projection channel created upon a bounding box. For the creation of the chart, we use 3 "moving averages" that cover the center, upper and lower boundaries for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits.

At this exact moment of publication it looks like that the price is going down on the short term as a simple correction. It cannot sustain that uptrend speed.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation

30 cze 2021

Uwaga

As I explained in the comments. There could be a bear correction on a very short range, probably hit the middle channel line and continue on the bull trend.

It is not uncommon to see a bounce back on any asset that reaches boundaries, but that doesn't necessary affect the preceding trend dominance.

I read that the chart shows a LONG beyond this short term correction.

I'm not a Stock trader, this is not a recommendation. This is only a chart following a specific technique to determine boundaries, it cannot be used to forecast movement within the channel.