This is how you determine the strongest support and resistance levels inside a formation. Always start from the outside slowly working yourself in. Stop using spaghetti trend lines all over your chart. The less, the better! To make your own perfect analysis you'll need 5 tools only: Candle/Line chart, B-Bands, MA, Volume and Parabolic SAR.
Since this is the monthly chart, it tells us that this month will close the monthly candle right around 8k. So we have 5 days left to sway around up and down before concluding at 8k – and we'll take it from there once October arrives.
You're welcome
Since this is the monthly chart, it tells us that this month will close the monthly candle right around 8k. So we have 5 days left to sway around up and down before concluding at 8k – and we'll take it from there once October arrives.
You're welcome
