not looking fro specifics in price targets as of yet as im testing a new theory, just a general area labelled "box1" and "box2"
this theory captures the previous ares of wicks and uses those as support and resistance , one established the area is looking to find a 3rd touch on the trend line , (first arrow pointing towards it) to then shoot up for a long
this theory captures the previous ares of wicks and uses those as support and resistance , one established the area is looking to find a 3rd touch on the trend line , (first arrow pointing towards it) to then shoot up for a long
Comment:
i had miss calculated how many times the price had hit the trend line, the 3rd was already touched, but still worked out to what i initially predicted so in all it was a successful trade idea