Dear whoever you are you have no idea what you are talking about the chart is made with moving average timeframes that are used by professionals on wall st so actually exactly what you have tried to argue - why would you run a monthly chart for a move that has only lasted a few months do you understand the principle of monthly Charts do you realise the moving averages are the same timeframes anyway
Can you please explain why the big red candles have sat exactly within those support zones otherwise as I do not think it is coincidence
Also why has it bottomed on that big like if it's not right
If you are so smart why don't you tell me / us what time frames moving averages are set at professionally and whether it's SMA, EMA etc and why to use those ? I'll change the chart and see how it looks with your settings just for interest
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