Two trendlines blue and black.
Both are respected by price action, especially as we kiss the blue line all the way during the recent sideway price action to the down side.
Now the buyers must defend the price above these lines.
Red lines indicate drop back below trendlines and we anticipate strong bearish momentum.
For the time being we accumulate, and add-on as we break and close above the green line.
Both are respected by price action, especially as we kiss the blue line all the way during the recent sideway price action to the down side.
Now the buyers must defend the price above these lines.
Red lines indicate drop back below trendlines and we anticipate strong bearish momentum.
For the time being we accumulate, and add-on as we break and close above the green line.
