The price of an instrument is most likely influenced by its dominant cycle. We can identify specific support levels based on the volatility of this dominant cycle.
The Dark Green zone is a strong buy zone, where the price is likely to rise.
Trading cycles are short-term and also help define short-term support levels.
The price is currently in a strong buy zone for both the dominant cycle and the trading cycle in the 75-minute timeframe. This suggests that it may be a good investment for 2-3 months, with a target of the Resistance 3 zone.
Thanks
The Dark Green zone is a strong buy zone, where the price is likely to rise.
Trading cycles are short-term and also help define short-term support levels.
The price is currently in a strong buy zone for both the dominant cycle and the trading cycle in the 75-minute timeframe. This suggests that it may be a good investment for 2-3 months, with a target of the Resistance 3 zone.
Thanks
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