Description:
OFSS has respected a rising trendline for months, with each dip finding buyers on this line.
After a sharp fall from the recent high, price is now back on that trendline support.
What to watch:
Holds the trendline and bounces: the higher-low structure stays intact, and the uptrend remains in play.
Daily close below the trendline: the support breaks, and more downside could follow.
The fall into support has been steep, so confirmation matters more than anticipation. Wait for the price to show its hand.
For educational purposes only. Not investment advice.
OFSS has respected a rising trendline for months, with each dip finding buyers on this line.
After a sharp fall from the recent high, price is now back on that trendline support.
What to watch:
Holds the trendline and bounces: the higher-low structure stays intact, and the uptrend remains in play.
Daily close below the trendline: the support breaks, and more downside could follow.
The fall into support has been steep, so confirmation matters more than anticipation. Wait for the price to show its hand.
For educational purposes only. Not investment advice.
Founder @ScanSutra
Auto-finds stocks at key levels: trendlines, S/R, compressions, volume bursts, Flag Pattern
▶️ YouTube: youtube.com/@ScanSutra
Explore → scansutra.com
Auto-finds stocks at key levels: trendlines, S/R, compressions, volume bursts, Flag Pattern
▶️ YouTube: youtube.com/@ScanSutra
Explore → scansutra.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Founder @ScanSutra
Auto-finds stocks at key levels: trendlines, S/R, compressions, volume bursts, Flag Pattern
▶️ YouTube: youtube.com/@ScanSutra
Explore → scansutra.com
Auto-finds stocks at key levels: trendlines, S/R, compressions, volume bursts, Flag Pattern
▶️ YouTube: youtube.com/@ScanSutra
Explore → scansutra.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.