Norsk Hydro ASA

ASA - OSL Incepition day 23-3-2020

353
Greetings fellow traders,

As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...

More visible, more probable:
  • Dashed lines; Possible forming patterns
  • Solid lines; Confirmed patterns / Support or Resistance
  • Dotted lines; Possible price-action trajectories / wave trend
  • Lighten colors = Support | Darken colors = Resistance

    Current Pattern Formation Level:
  • Alpha pattern: Symmetrical Triangle -> Bullish Pennant
  • Beta pattern: Descending Broadening Wedge
  • Possible Echo Pattern: Descending Broadening Wedge


Today's Note:
Pretty much the same story as NAS. This one is a bit peculiar though. My point is, and it's a strange one. The price actually must come down a little bit, confirming a lower low. With result that this chart creates a bull pattern. Instead of a bearish one, if it does find support on the current region. Nonetheless, it does make sense? When you look at the big picture.

Genuinely curious whether this going to play out as I'm forecasting today.

To be concluded...

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