Hi EO,
does it make sense to draw the trend lines through the close?
This would fit perfect for the breakdown two weeks ago.
We played around with the tl for a couple of weeks, closed below a couple of times but went above again. But then confirmation candle open and close below and after that the sell off started.
Can you see my point. What do you reckon, which trend lines hold more weight?
tdeu
does it make sense to draw the trend lines through the close?
This would fit perfect for the breakdown two weeks ago.
We played around with the tl for a couple of weeks, closed below a couple of times but went above again. But then confirmation candle open and close below and after that the sell off started.
Can you see my point. What do you reckon, which trend lines hold more weight?
tdeu
DislikedHere's my weekly. We closed the weekly with a bearish full bodied candle which keeps us on track for a further bearish move. We closed under the wick of the weekly candle from back the week of the 12th Oct 2009. Next stop shows me 535x. Now, this will not be in a straight line, I can see it moving north before continuing the venture south. Look for sellers in the 571x area to 583x.Ignored