Red lines are "recovered" support areas. Support is either a sideways consolidation of several days, or a local minimum. Next to each support line, there is a 3-tuple, whose indices have the meaning:
1. % loss (log return) from support to subsequent minimum
2. days until subsequent minimum
3. days until support was recovered, or touched, giving the buyer a chance to get out
Purple lines are "unrecovered support", meaning, support levels (i.e. sideways consolidations of several days or local minimums) that have not been subsequently touched.
The calculation is manual, not particularly rigorous, and incomplete. I will be updating the analysis.
1. % loss (log return) from support to subsequent minimum
2. days until subsequent minimum
3. days until support was recovered, or touched, giving the buyer a chance to get out
Purple lines are "unrecovered support", meaning, support levels (i.e. sideways consolidations of several days or local minimums) that have not been subsequently touched.
The calculation is manual, not particularly rigorous, and incomplete. I will be updating the analysis.