Range Trading?

٢٠ يناير ٢٠٢٢

Recently it is Range trading between 3 days average (4 hour chart 80 bars average) and 250 days average(4 hour chart 1500 bar average).

Let's see which side is fake one?

Bias is in the long side.

Personal Record Only, not trading advise.

٢١ يناير ٢٠٢٢

ملاحظة

As per discussion, BLACK Friday.

Let's see if it is a inverted head, and the Inverted H&S development.

٢٢ يناير ٢٠٢٢

ملاحظة

Looking like yearly average(lime color curve) provide a temp support.

٢٢ يناير ٢٠٢٢

ملاحظة

٤ فبراير ٢٠٢٢

ملاحظة

Yearly log curve(2160 X 4 hour(360 days) orange line) is a strong support.(Orange Curve)
Now 80x4 hours line become range support(3.5 days). (Black Curve)
Pressure is now the blue line(240X4 hours=40 days) (Blue Curve)