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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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<p>[QUOTE="EdThelorax, post: 3618881, member: 99854"]The GSR is at the bottom of the wedge. This is a very long term trendline and the 200 DMA. A break of this signals a change in the 8 year trend. Lines are somewhat arbitrary, think of them as wide with some room on either side that can still be considered working. This would be a likely spot for some resistance. ST targets in green, longer targets in red.</p><p><img src="https://www.tradingview.com/x/3K8mE2V9/" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="EdThelorax, post: 3618881, member: 99854"]The GSR is at the bottom of the wedge. This is a very long term trendline and the 200 DMA. A break of this signals a change in the 8 year trend. Lines are somewhat arbitrary, think of them as wide with some room on either side that can still be considered working. This would be a likely spot for some resistance. ST targets in green, longer targets in red. [IMG]https://www.tradingview.com/x/3K8mE2V9/[/IMG][/QUOTE]
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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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