You see a big multiyear downtrend, starting from crisis '08 till now.
In the smaller downtrend you see a green line, that's a support zone.
Situation 1: If the support zone breaks the value will come in a free fall.
Situation 2: If not it will come in the descending triangle in blue, then it will test the high level of downtrend. After that happened the value will probably in another fall, but that will take several years.
My feeling is with Brexit coming situation 1 will deploy. What is your opinion? Please leave a comment.
If you appreciate this idea, please leave a like.
In the smaller downtrend you see a green line, that's a support zone.
Situation 1: If the support zone breaks the value will come in a free fall.
Situation 2: If not it will come in the descending triangle in blue, then it will test the high level of downtrend. After that happened the value will probably in another fall, but that will take several years.
My feeling is with Brexit coming situation 1 will deploy. What is your opinion? Please leave a comment.
If you appreciate this idea, please leave a like.
Comment:
Zoom in
