"Bearmarket line" - Above or below? Logaritmic or aritmetic?
One of the most mentioned things in goldtrading is the "bearmarket trendline".
Are we above or not? Logaritmic or non-logaritmic?
Drawn to fit all different kinds of ways.
I have my way of drawing this, and both the log and non-log use the same principle (consistency).
I assume that the number of degrees is 18, as most of long-term important trendlines have this degree.
Then we are currently ABOVE this trendline on monthly chart. And where it will intersect is approx at 1270-1275 ( a bit difficult to tell exact number).
On Aritmetic scale, the "bearmarket trendline" is a funnier concept, we crossed it ages ago.
Are we above or not? Logaritmic or non-logaritmic?
Drawn to fit all different kinds of ways.
I have my way of drawing this, and both the log and non-log use the same principle (consistency).
I assume that the number of degrees is 18, as most of long-term important trendlines have this degree.
Then we are currently ABOVE this trendline on monthly chart. And where it will intersect is approx at 1270-1275 ( a bit difficult to tell exact number).
On Aritmetic scale, the "bearmarket trendline" is a funnier concept, we crossed it ages ago.
Comment:
When idea publishes, the scaling gets distorted of the angle so it misses some of its purpose visually, but the channel is fitted to the correct-scaled degree.
Comment:
On aritmetic:
