Trapped between these very important retracements. They act as price magnets, and significant support/resistance levels. These were drawn with the magnet tool, so there is no bias towards their positions.
Do note that we are analyzing the DXY*DJI chart, which shows us a clearer picture of recent price action.
A closeup.
Are we in UTAD?
And another beauty...
Tread lightly, for this is hallowed ground. -Father Grigori
Nota
The violation of this trend marks the end of QE. This shows the true effect. I hope you all understand it. With Green and Red arrows, I have marked the points I used to draw the rays.
These long-term rays, prove as significant resistance. Hitting one of them, was a fundamental reason the Black Monday was so severe.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.