Asos
just rechecked the chart, its looks to have bounced off the t/line.
im long, 3020 stop below t/line...
My understanding is that the target of 5153 came into play when the price crossed the 2922.41 level as per attached chart (which is the blue vertical line of Xs). The 45 degree lines are support and resistance.
I have also taken the liberty of adding bollinger bans which can also give an indication of support and resistance.
Please note I am no expert in P&F nor TA, this is my interpretation, if someone has a different views I will be happy to hear from them.
some great P+F charts, thanks.
not exactly sure what the ASOS charts saying! can you please explain?
thanks in advance.