Until the 4-hour SMA(20) is broken convincingly to the upside on the 4-hour chart, we're still headed down.
But once is breaks up, look out! The rebound could give you whiplash!
But once is breaks up, look out! The rebound could give you whiplash!
Comment:
Trend still remains down. Small bounces, but nothing to invalidate the 4-hour SMA(20) as resistance.
Comment:
The dangerous channel has been invalidated. Now will we move sideways or reverse into an uptrend?
The dangerous channel has been invalidated. Now will we move sideways or reverse into an uptrend?
