Without over complicating with indicators there are two simple trends I see. The 60% dominance level was resistance from Sept 2018 until May 2019 when it finally broke through after 3 points of contact (circled in yellow). Previous resistance becomes support.
There is a downward trend line since Sept 2019 (5 points of contact circled in blue). We have pumped up to this trend line over the last two days and were rejected twice, which is likely to send us down to the 60% dominance support line
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I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.
There is a downward trend line since Sept 2019 (5 points of contact circled in blue). We have pumped up to this trend line over the last two days and were rejected twice, which is likely to send us down to the 60% dominance support line
Please like this post if you found this information to be valuable. Please comment your thoughts below.
I am not a professional or financial adviser. This is for educational purposes only and is not advise to buy or sell.