With the candles I circled in blue, I think LUMN is currently re-testing a key level that dates back to August 2002. This was the first major test of an area that originally acted as 2-week resistance around January 1998.
Later, price tested the $6.54 level, which developed after that initial test. In 2020, LUMN revisited the $6.54 area, and then in 2022, it tested the midpoint between the two key zones—$6.54 (the second test) and $6.19 (the first test). During that period, the area transitioned from support to resistance, further confirming its significance.
Years later, these two zones continue to prove their importance. The $6.54 and $6.19 levels have repeatedly acted as major support and resistance. Most recently, price bounced directly from the $6.19 zone, once again reinforcing it as a key level to watch.
Also, I think theres a valid dragon at play that failed its break outs.
Later, price tested the $6.54 level, which developed after that initial test. In 2020, LUMN revisited the $6.54 area, and then in 2022, it tested the midpoint between the two key zones—$6.54 (the second test) and $6.19 (the first test). During that period, the area transitioned from support to resistance, further confirming its significance.
Years later, these two zones continue to prove their importance. The $6.54 and $6.19 levels have repeatedly acted as major support and resistance. Most recently, price bounced directly from the $6.19 zone, once again reinforcing it as a key level to watch.
Also, I think theres a valid dragon at play that failed its break outs.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.