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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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Doug R
To: Doug R who wrote (75918)12/23/2024 9:12:31 AM
From: Magnatizer1 Recommendation   of 79298
 
VRAR

Broad view tradingview.com

More concentrated view tradingview.com

Key areas

4.66 to 6.30 is loaded with cross horizontals. This has been a virtual wall since the first of this series formed in March 22. Sounds a bit funny to say after the last few weeks but getting through that zone, especially with gaps, would set up VRAR for an explosive move.

The target for that move would be the grey uptrend channel. I've highlighted the post formation work VRAR did on this channel from late 22 to early 23. Current value is upper 9s, lower 10s

Current activity has VRAR following the rules. Gap that didn't quite clear the cross channel below. Came back for a quick retest of the top of this channel then made the move. Cross channels held overhead resistance pushing VRAR back to a key uptrend channel which it used as support tradingview.com

it is a bit of a chase here for my stuff but I do like it to see 4.66 again at a minimum.
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