Disliked{quote} There are the bears at last ! You are definitely right ! Bears are on the right track for now, but intraday. I even now have a short set up and taking more partial profits from my longs, IF Bears win this volatility war. If they do, that trend line might have some weight for me too. And by now, they are winning it. On the daily, looking at your chart, I'd personally want to wait for, at minimum, one sign of a reversal(significant enough for the daily), before using that line. For now, it still has none. It could still reverse as your post...Ignored
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