Seems like it's the same story everyday. If ____ holds then the low is in, if not then next chance for low is ____. And it's again like that today and will continue to be like that until the true low (temporary as all prices are) is made. This product keeps making a new low, rebounding higher to the previous old low, then continues its downward journey. Ideal to be short and just ride it, but for bottom pickers there's still $ to be made, just need to be smart about protecting yourself.
Comments
patterntrader
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In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.