I bet you didn't see this before
please notice the stripes formed and what happends when price reach them,
they function as diagonal support and resistance, take it or leave it
could you trade this? yes sure but you need confluences like horisontal support and maybe a clue on which way the market is going.
the stripes are made by price it self, the MA's are just reflecting that.
so they tend to be valid zones compared to lines
please notice the stripes formed and what happends when price reach them,
they function as diagonal support and resistance, take it or leave it
could you trade this? yes sure but you need confluences like horisontal support and maybe a clue on which way the market is going.
the stripes are made by price it self, the MA's are just reflecting that.
so they tend to be valid zones compared to lines
Bulls are stupid Animals!especially when Im short!