Sideway Walking or BackTest Blue zone
Updated
Possible 2 Scenario development:
1. Sideway walking between Orange and Green Zone.
2. Backtest previous support (Blue Zone)
Support:
-8 days SMA(Green zone),
-8 weeks SMA(Blue Zone),
-20 weeks SMA(Lime line),
-30 weeks SMA(Blue line)
Resistance:
-85 weeks SMA(Red line),
-90 weeks SMA(Purple line)
Personal Record only, not for any financial advise.
1. Sideway walking between Orange and Green Zone.
2. Backtest previous support (Blue Zone)
Support:
-8 days SMA(Green zone),
-8 weeks SMA(Blue Zone),
-20 weeks SMA(Lime line),
-30 weeks SMA(Blue line)
Resistance:
-85 weeks SMA(Red line),
-90 weeks SMA(Purple line)
Personal Record only, not for any financial advise.
Note
Backtest blue zone Scenario.
Note
As per our estimated. Possible A Falling Wedge Pattern.
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