24.10.13 Whale Index
2024-10-13

Nice to meet you. I'm Whale_signal

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The market has been in a rather dull sideways phase over the weekend,

Based on the Dow theory, the upward possibility remains open as it has not deviated from the previous low range of the one-hour bar

If you break through the high point, the purple whale indicator located at the top may act as a resistance interval, so it's important to note this

Conversely, if a strong breakthrough occurs and closes, it can be seen as a signal of a trend shift in the current downward channel, so attention to the subsequent pressed section seems to be needed

Meanwhile, it's worth keeping open the possibility of a downward break from the 1-hour peak low range in Dow theory and paying attention to the box and purple whale indicators at the bottom of the 62.9-63k range

This section is also the place where the previous sale site was formed, so we can expect it to serve as a short-term support line,
In the event of a strong downward departure, we can see that the downward channel continues

Under these market conditions, we share notable support, resistance, and inflection sections through whale indicators, so please refer to them


The whale indicator simply points to support and resistance
I hope you can take the RBI through the whale index in your analysis


***whale surface intensity***

Purple>>>Orange>>>White
(Purple indicators are the strongest)