Schrödinger's trend and non-anomalous anomalies...
Hi people!
Not a trading advice at all and not even something I'd bet half of my depo on (risk-management just won't allow), but... Assumptions are free, fantasies are useful for mental health (well, assumingly ;), then why not to share?
As a big fan of dynamic support/resistance levels, respective symmetrical channels, their amplitudes and tending to equilibrium, slopes forecasting process etc. etc. etc., I still see that in a mid-term perspective we probably didn't break out of wannabe-descending channel that lasts from the December of the 2023.
I've noticed that many people here identified respective ascending channel (green lines), some identified descending (orange solid lines), e.g. HAMED_AZ user provided two potential pivot points for downward channel continuation, but by some reason I didn't see anyone considering 3rd totally weird but still relevant pivot point on yet another dynamic resistance line which is getting formed from our latest a bit anomalistic ATH itself. Yes, that topmost orange dotted line that gives us a potential for some upward spikes to it without actually breaking last couple of months trend neither for sure ascending nor for sure descending. We're still just a kittens in Schrödinger's box, my friends ;)
Not a trading advice at all and not even something I'd bet half of my depo on (risk-management just won't allow), but... Assumptions are free, fantasies are useful for mental health (well, assumingly ;), then why not to share?
As a big fan of dynamic support/resistance levels, respective symmetrical channels, their amplitudes and tending to equilibrium, slopes forecasting process etc. etc. etc., I still see that in a mid-term perspective we probably didn't break out of wannabe-descending channel that lasts from the December of the 2023.
I've noticed that many people here identified respective ascending channel (green lines), some identified descending (orange solid lines), e.g. HAMED_AZ user provided two potential pivot points for downward channel continuation, but by some reason I didn't see anyone considering 3rd totally weird but still relevant pivot point on yet another dynamic resistance line which is getting formed from our latest a bit anomalistic ATH itself. Yes, that topmost orange dotted line that gives us a potential for some upward spikes to it without actually breaking last couple of months trend neither for sure ascending nor for sure descending. We're still just a kittens in Schrödinger's box, my friends ;)
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