BLX: Finding the channel
This is part 1 of a 2 part series.
Originally I posted the weekly 200 day moving average, and while I questioned a "bottom", I mentioned it was, at a minimum, good for a bounce. So far, that's been the case, but I believe the 233 has more significance than that of the 200, and you'll see it also in the weekly chart.
I believe the simple moving average starts in the daily chart, and then translates over to the weekly and eventually monthly, however; it's important to remember that in order for that to happen price needs a lot of time.
Anyhow, notice the significant touches on the daily, and then let's continue to the weekly.
Originally I posted the weekly 200 day moving average, and while I questioned a "bottom", I mentioned it was, at a minimum, good for a bounce. So far, that's been the case, but I believe the 233 has more significance than that of the 200, and you'll see it also in the weekly chart.
I believe the simple moving average starts in the daily chart, and then translates over to the weekly and eventually monthly, however; it's important to remember that in order for that to happen price needs a lot of time.
Anyhow, notice the significant touches on the daily, and then let's continue to the weekly.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.