It would be nice to back-test support, then break previous high.
If it could backtest support : said 1800-1830.
A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support.
A closer look as following:
If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend.
Let's observe if it is still in Adam and Eve pattern development?
A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support.
A closer look as following:
If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend.
Let's observe if it is still in Adam and Eve pattern development?
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Major 5 level Grid Range
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As per expected, it back-test.
Let's observe how low it will be tested? 50 day MA?
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Low side 8 days MA test was Rejected.
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High side testing failure. Drop to our target zone.
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backtest
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Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region).
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We mentioned on Oct 25, 2023:
"Maybe End of Crazy Backtest.
Possible challenge 2000(Red Region). "
After break up flag pattern and retest flag upside.
Then it reach Red region.
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