...below this prev dly/wkly sw lo zone to 2854, that 50% fib 2829, (on chart below,) then wkly S3 circa 2795, mthly S2 circa 2756, then that 76.4% fib circa 2722 (also on chart below,) which is in the prev sw hi then lo zone on chart below = prev supp = pot supp down to 2675. Price has entered the mthly part of that prev dly/wkly/mthly sw lo zone to 2675....so on that t/f it is a wide zone of pot supp.
The bottom of the broadening falling channel on this wkly t/f comes in circa 2790 area on this week's wkly candle.
Mthly S3 is circa 2512.
Wkly below
The bottom of the broadening falling channel on this wkly t/f comes in circa 2790 area on this week's wkly candle.
Mthly S3 is circa 2512.
Wkly below
Attached Image (click to enlarge)
Trader with an Edge.
2
Pattern
