Disliked{quote} ... Now if more people don't have those zones than do have them, I would be inclined to think maybe my chart is wrong, but I honestly just dont knowIgnored
And yes, it is from June 20th, and around 1.3258. It's something like 26 days old, and I wonder how strong it is.
I also see a S/R around 1.3170-1.3180, and an even stronger at 1.3200. So my thinking is that there are two possible outcomes.
- Price keeps going up and through the SR, taking out that zone above, and maybe forming a nice double top on D1, to begin the fall afterwards.
- It heads South now, bouncing back from the lower SR level (~1.3180), falling so to take out the currently open dissim zone (supposed it's coming back to similarity until then), and maybe the ones below, and the zone above will simply fade out.
Looking at all the other indies (forgive me for that, I'm trying to merge this concept into my previous strategies), EU is very much overbought, so from this view I'd vote for a drop soon. From the sim/dissim thinking, I'd vote for further price increase, as the dissim is still there, and it simply doesn't make sense for price to drop before the dissim is over.
Hmmmm....