I want to show you another example of the power of TIME AT MODE in the previous uptrend and downtrend.
I have analyzed the last two trends (one up, one down) in OIH since January.
The 8-day mode that failed in the uptrend is most interesting because the market was poised to explode higher, but it failed, and the market then went all the way back down to where the uptrend started to attempt to rebuild.
I analyzed the downtrend that ensued also.
The current uptrend started as of today since there has been no new low for 5-days.
Analysis is on the chart.
Tim 33.30 last, March 23, 2015 4:33PM EST
I have analyzed the last two trends (one up, one down) in OIH since January.
The 8-day mode that failed in the uptrend is most interesting because the market was poised to explode higher, but it failed, and the market then went all the way back down to where the uptrend started to attempt to rebuild.
I analyzed the downtrend that ensued also.
The current uptrend started as of today since there has been no new low for 5-days.
Analysis is on the chart.
Tim 33.30 last, March 23, 2015 4:33PM EST
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