With my first "keep it simple" chart I was a little bit ahead and drew the trend lines at that early $389.99 peak a day before the final peak of the rally happened. Here is the update using the final peak of $395.11 plus more lines as guidance.
There is an interesting cross of the trend lines right at the start of December where I would expect the rally to resume. We had a confirmed reversal up, but if the bulls lose the ball to the bears, there will be a powerful move lower to test the bottom price area. Current price is $371.4.
Published 13:55 UTC time zone
Wednesday, November 26, 2014
There is an interesting cross of the trend lines right at the start of December where I would expect the rally to resume. We had a confirmed reversal up, but if the bulls lose the ball to the bears, there will be a powerful move lower to test the bottom price area. Current price is $371.4.
Published 13:55 UTC time zone
Wednesday, November 26, 2014
