Short-Term Bounce based on Weekly Low = 6850
Went long from 7000 yesterday, and this was at 7048 at time of creation.
The pattern is that after every red weekly candle, the following weekly candle penetrates significantly above the low point of the previous weekly candle at some point - minimum of 6% upside. The larger the % variation of the red candle, the higher potential upside exists in the following week's candle (0.76 R^2)
This would suggest that - next week - the price levels will at some point achieve 7261 (6%) at a minimum and potentially higher than 7535 (10%).
The pattern is that after every red weekly candle, the following weekly candle penetrates significantly above the low point of the previous weekly candle at some point - minimum of 6% upside. The larger the % variation of the red candle, the higher potential upside exists in the following week's candle (0.76 R^2)
This would suggest that - next week - the price levels will at some point achieve 7261 (6%) at a minimum and potentially higher than 7535 (10%).
Note
Long entry from yesterday: imgur.com/gallery/dbfBQmz
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.