Facing top bolinger resistance on daily.
Decline in to green support will be very good opportunity as it will be first decline after strong run up.
As on the left of this chart. Buy in black on green support and rejection from top.
Don’t forget that with every decline green band will get weaker and weaker. Thats why first decline especially powerful.
First three declines usually working best, then green band loses potential to reject declines.
Purple circle was sixth decline- and by that time green band was exhausted.
Now new uptrend starts and let’s see how first possible decline will look like.
I was accumulating amp previously on every decline in to green band.
Also long my term view on weekly see idea attached
Decline in to green support will be very good opportunity as it will be first decline after strong run up.
As on the left of this chart. Buy in black on green support and rejection from top.
Don’t forget that with every decline green band will get weaker and weaker. Thats why first decline especially powerful.
First three declines usually working best, then green band loses potential to reject declines.
Purple circle was sixth decline- and by that time green band was exhausted.
Now new uptrend starts and let’s see how first possible decline will look like.
I was accumulating amp previously on every decline in to green band.
Also long my term view on weekly see idea attached
