Note the market respecting the channel from 2004.
Large rising red channel has a range of approximately 240pts., allowing for large moves while still remaining within a positive trend. Market technically remains within a positive trend until we see a break of the lower red support.
Technical confluence of several significant s/r's has us looking towards the target indicated on the chart if a pullback occurs.
Lifting through the light red channel resistance from 2004 could see the market move to the top red channel resistance and potentially the upper target indicted at technical confluence.
Large rising red channel has a range of approximately 240pts., allowing for large moves while still remaining within a positive trend. Market technically remains within a positive trend until we see a break of the lower red support.
Technical confluence of several significant s/r's has us looking towards the target indicated on the chart if a pullback occurs.
Lifting through the light red channel resistance from 2004 could see the market move to the top red channel resistance and potentially the upper target indicted at technical confluence.
Andrew J.D. Long, MFTA
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Andrew J.D. Long, MFTA
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。