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Wow, price has touched that R line 7 times in the last 2 trading days!

Of course, this data doesn't help any without knowing how far back down price is going to go.

But it's interesting to see that it has bounced off the same level (a level that was set on 11/2) 7 times in 2 days.

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Quote from 1a2b3cppp:

Wow, price has touched that R line 7 times in the last 2 trading days!

Of course, this data doesn't help any without knowing how far back down price is going to go.

But it's interesting to see that it has bounced off the same level (a level that was set on 11/2) 7 times in 2 days.

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And if you reduce the TF further even more times :D
 
Price just bounced off the white line I had at the bottom of that chart a few times.

Interesting.

Of course this means nothing. Price just as often doesn't seem to pay any attention to trendlines.

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Here's the origin of that line just so we're clear.

You can see at the beginning of November price just passed through the line, and again the next few times it touched it.

But it seems to have paused at that trendline for a bit today.

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