Line 1 traces the support bounce and the sequential bounce. This line is carried over into perpetuity per the chart. It's a goal setter. 08' recession happened and broke below the line. The bottom of that trend measures distance with red line. This is where the trend reversal begins. The new race is against the previously set trend with line 1. We tipped it in...
Watch DAX and Nikkei first. When all breach the blue lines - then BUY & HOLD & WAIT.
Bitcoin Update A very quiet day for Bitcoin...a little break into new highs, a continuation pattern lasting 10 hours of stultifying price action and then a break higher, which is being chased higher in China. Still no sellers around though. So it pushes higher. Continuation patterns tend to last 5 or 6 hours, this last one was longer than usual but the break has...
Downtrend occured. Seems like there is no support... Hope is gone :')
short idea,USDJPY uptrend mometum nearly gone,so I am going to prepare for the short move