Beamx chart
Updated
Beamx chart.
This is done using an experimental method inspired by Da Vinci.
The arches represent bull and bearish trends. Those also represent support and resistance.
In order for the price to go up it needs to be contained in the green trends up. Once those are broken the price tends to dump.
Also the intersection of trends will act as a spring for the price.
This is not financial advice.
This is done using an experimental method inspired by Da Vinci.
The arches represent bull and bearish trends. Those also represent support and resistance.
In order for the price to go up it needs to be contained in the green trends up. Once those are broken the price tends to dump.
Also the intersection of trends will act as a spring for the price.
This is not financial advice.
Trade active
Risk reword for the upside is 10:1 You have 3% potential loss if you have SL at the base of the green arch at about 1.39 area and 30% potential return tp on the top side of 1.9 area
Trade active
First uptrend failed and now siting on support on the bearish low side of the channel.Trade active
First bullish target hit with a big detour :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.