More Lines Than Escobar
Updated
Trend lines GALORE and fib retracement tool, which is fairly self-explanatory however; let's expand.
0.618 rejected, which previously acted as support so we know for the interim $9,666 is a key area of interest to break to validate a temporary reversal, with a higher high holding above the bearish trend line, and breaking to the upside, which i doubt very much.
Why three lines?
Well, from an observational point one can quite clearly see the interaction between the significance of these legal lines that won't land you in jail, or out of pocket, but rather yet, a directive guide which helps to inform if bearish sentiment is to resume.
If you're long you may be wrong, but either way I don't want to be caught, so I'm ducking out, and short.
Good luck
0.618 rejected, which previously acted as support so we know for the interim $9,666 is a key area of interest to break to validate a temporary reversal, with a higher high holding above the bearish trend line, and breaking to the upside, which i doubt very much.
Why three lines?
Well, from an observational point one can quite clearly see the interaction between the significance of these legal lines that won't land you in jail, or out of pocket, but rather yet, a directive guide which helps to inform if bearish sentiment is to resume.
If you're long you may be wrong, but either way I don't want to be caught, so I'm ducking out, and short.
Good luck
Note
Nice conformity to all trend lines, with a clear rejection of the trend line that is on the bottom of the three lines on the left, and the top of the three lines on the right. Quite a significant fib zone as it runs through the centre of all lines, and has acted as resistance prior to the breakdown, and just recently with a rejection.We can now see the trend has shifted into the upper fib zone however; it is starting to down range, however, more confirmation needed to substantiate a significant dump.
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