Happy Tuesday, Dear Swingers!
Many of you were probably on alert on seeing the ascending tendency yesterday morning. Though it had already turned out to be weak the question was in the air: how far might it have gone? Today I will give you a hint: whenever you can see the price exit out of either formation for the 3rd time - have a closer look at what was back to the left side on your graph. And like now you are to identify "H&S", for instance, along with the would be neck line of it as a consequence. The break of the latter at approximately 23200 will open the road to 18K.
Yours,
ICBF Swinger Dagmar
Many of you were probably on alert on seeing the ascending tendency yesterday morning. Though it had already turned out to be weak the question was in the air: how far might it have gone? Today I will give you a hint: whenever you can see the price exit out of either formation for the 3rd time - have a closer look at what was back to the left side on your graph. And like now you are to identify "H&S", for instance, along with the would be neck line of it as a consequence. The break of the latter at approximately 23200 will open the road to 18K.
Yours,
ICBF Swinger Dagmar