SKL curved channel and trajectory

١ نوفمبر ٢٠٢١

SKL resisted 3 bear pushes on the support level. Seems like consolidating energy for a new bull run in about a week, little more, little less.

MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation.