I'm looking for bullish pull back to occur before the bears short price. Thats would be a great indicator, to me, that long term shorts are in the future.
This is a chart I posted on Twitter hours ago, http://chart.ly/mjjct46
Downwards channel tells the story of bears taking control of the trend but a downwards fall from the top of the channel to the bottom would help validate the notion of Lower Lows.
This is a chart I posted on Twitter hours ago, http://chart.ly/mjjct46
Downwards channel tells the story of bears taking control of the trend but a downwards fall from the top of the channel to the bottom would help validate the notion of Lower Lows.