The pivot lows (blue bulls-eyes) seem to be following a curve that is now trending upward. The pivot highs (green and orange bulls-eyes) on the other hand are oscillating in a zig zag pattern. The lower band of the pivot highs (orange) is starting to follow a curve similar to the pivot lows (blue), while the upper band (green) has been linear in its downtrend so far. I believe the pivot lows (blue) began a trend upwards, then the lower band of pivot highs (orange) followed, and the higher band of pivot highs (green) will start once a new higher band pivot (green) is formed.
Note
I think the next pivot low is in, so now hopefully a rise to the top for a new green pivot high. Plenty of resistance along thew away so it shouldn't be smooth. If it comes back to the bottom near $9500 before reaching the top around $12000 this pattern is toast.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.