Chart showing CU6(solid magenta line) sp overlaid on the NBI. On longer timescales the NBI hitting the support trend line has been a very good indicator of entry points into CU6( and others). The trend support on the NBI has held for more than ten years.
Of course there is no guarantee the pattern holds in the future but it’s a pretty solid % play, imo. I’d be looking at the NBI tagging the upper trend resistance before contemplating taking profits but the upper trend resistance on the NBI is not as reliable at picking the top
as the trend support is at finding an entry
Opinion only
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