What does the linear,
orange leading line suggest?
Not exact matches
The Nasdaq 100 doesn't have to
lead the broad market higher, but we certainly do not want the price to break down below the 50 and 200 - day moving averages (teal and
orange lines, respectively, on the chart above).
The distance will then be added from the resistance level which will
lead us to our projection level (
orange line).
But the longest
line leads to lunch workers grabbing paper dishes full of yellow corn chips, topping them with a ball of ground meat and then smothering the ensemble in hot
orange cheese product.
A failure of that
line would
lead to the
orange trend
line at 2627, and if price should break below that level, we would target the violet support zone from 2620 to 2600.
I tried to make the picture more complete by adding in a couple more (green and
orange lines),
leading to the following cartoon graph: RayPierre compared the blue and red
line, whereas Lucia argued that the politically realistic comparison would be between the red and the black
lines.
The
orange line corresponds to the lag correlation coefficients between the total vegetation carbon and the annual fire season length (vegetation
leads in the positive lags).