It appears that the trend post 2009 can be summarized into three exact time frames, 118 weeks. as the dotted diagonal cross of the third frame acted as price resistance and a bit late in to the time frame, perhaps 4-5 late candles it has now responded earlier. It looks, we can expect a Range for the coming weeks and no more will we see prices falling below the dotted line. Post the third frame I think we ca see actions much similar to the second frame in the lower bound with fluctuations between 40 and 70.
Just a thought.
I am totally new at this, any advice and thought would be highly appreciated.
Just a thought.
I am totally new at this, any advice and thought would be highly appreciated.