DislikedThis move up is really baffling me because I never get surprised by GJ's movement. All the major moving averages on the monthly and weekly are above us. I suspect this is due to the bounce off of the monthly trendline again. Back in august 2000, this trendline was tested with 4 monthly candles before starting 7-year long uptrend. If history is any indication, we should be heading back up maybe starting november or december this year. I guess all the these buying when price gets below 187.50 for past month or so should be good hints that we are at or near the bottom.Ignored
I was talking about a bear trap last night during asia..... that was it this morning .
The move back up was much more puposeful with NO stalling on the way up , unlike the move down. 191 here we come
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