- Weekly Trading Pattern:
- Support and Resistance Levels: The same support and resistance levels from the daily analysis can be used for weekly trading.
- Moving Averages: The 5-day and 10-day moving averages can also be used as reference points for entry and exit points.
- MACD: The MACD for the weekly timeframe would be calculated based on the weekly price data. It's important to consider the longer-term momentum when using the MACD as a trading indicator.
- RSI: The RSI for the weekly timeframe would be calculated based on the weekly price data. It can be used to identify overbought or oversold conditions, which could be indicative of potential entry or exit points.
In conclusion, for both daily and weekly trading, the support and resistance levels, as well as the moving averages, can be used to identify entry and exit points for a 10% gain. It's important to consider other indicators like the MACD and RSI to confirm these points and manage risk.