If you look closely you will see a parabolic curve created by the DWEB trend indicator. I used this to create an ellipse that followed the curve, cloned it and then created another ellipse from each intersect to provide centers, tangents, and more intersects. The levels shown should hold some good data in the future. I could add some local pivots vertically with the same method but I want to share a cleaner chart this time. Use "MAKE IT MINE " option to clone the circles and make future trends/points of interests.
Watch the price at each level and how it reacts to the parabolic and each level provided.
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.