Here we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.
Keep in mind that the two grey lines are a potential support...I would not ignore this.
Waiting for a pullback and see what's going on.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.
Keep in mind that the two grey lines are a potential support...I would not ignore this.
Waiting for a pullback and see what's going on.
Note
The short was initiated at the pullback.Here we are at the critical level of support from the prior highs.
If we manage to close below the lower horizontal support line, then I see price down at the L-MLH, around 1140 or lower.
Note
...and the drag continues - what a burden this must be for the long-bugs.Note
L-MLH is target:Note
Target L-MLH reached.Now a pullback to the upside.
Note
So far kind of a texbook reversal at the L-MLH...Happy 2017!
Note
Note
Run Forest run! :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.