$UAI has fallen below the 0.1 level, 361 days since it was last here.
Let’s use this number to talk about key price levels.
One rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively breached often becomes resistance.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down below the level, that lends more credence to the idea that support has turned into resistance.
Confirmation from multiple indicators is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.
Just chatting off the cuff—don’t take this as investment advice.
Let’s use this number to talk about key price levels.
One rule of thumb is that a resistance level that’s decisively broken often turns into support, while a support level that’s decisively breached often becomes resistance.
The first rebound after a breakdown is often seen as a test: if the price is pushed back down below the level, that lends more credence to the idea that support has turned into resistance.
Confirmation from multiple indicators is more reliable than looking at just one, but even more signals can’t provide a definitive conclusion.
Just chatting off the cuff—don’t take this as investment advice.
