From the collision of lines number 1 to 4, we get a point of gravity to X
By extending the lines from point X to the trends after line 4, we can calculate the support and resistance areas
Lines number 5,6,7
P line is major support
By extending the lines from point X to the trends after line 4, we can calculate the support and resistance areas
Lines number 5,6,7
P line is major support
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.