bearish as far as we didnt break the sexy pink trend
keep it simple
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bearish as far as we didnt break the sexy pink trend
DislikedThe daily candles broke the overall trend twice, so I am waiting for another candle for confirmation...The overall trend is still bullish with minor pullback..
Look at my past post..
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Dislikedmy chart is very similar to the previous one (ewokuk's... see above). but my bias is different.
what i see is that g-j broke out of the weekly channel and is now testing the lower edge of the channel.
normally, i would agree with rgitt and the bullish guys here... follow the trend, which would be buy the dips on daily chart. but when i look at monthly chart and then i see that weekly channel has been broken, i just don't feel comfortable buying dips anymore.
i'll stay out for a while, but always ready to join the bears team.Ignored
DislikedIts has been in multi decade down trend forever.!! Its gotta come out of it someday..Ignored
DislikedI am sorry to rain on your analysis but the daily TL is broken twice by the last two candles and fundamentals is not going to let this market fall yet..
Since the beginning of January 09, fundamentals been real bad and the GJ kept going up so I see TA is control. Guessing the tops and bottoms is not working atm..
Good Luck
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DislikedHi Scrat,
I understand your bias the daily TL is broken but the PA recover and broke thru the overall TL twice which means PA still maybe a fake breakout thru the Daily channel.. Look at my chart Follow the higher TF
This week will tell us the overall direction.
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