Here is a step back view of the last month in downtrends. Now in log view! Just for the people who truly love trendy angled lines all over the chart.
A long green upward trend support may act as either a candle bounce off point for a sideways movement for the next few days. Giving Sub a chance to break from the current downward movement. Seemingly around the second of Feb. It could bypass this all together continuing it's current trend to the 7800 area into Feb. From there it could keep it's path, making me second guess myself and encouraging me to keep my day job. This could give SUB another chance to (sharply) bounce up testing what would become a 10650 trend resistance.
Or it could fall off the face of the earth and I would have been proven wrong. Causing me to go back to studying how this works. Maybe I can blame it on the futures. Keep in mind I do not do this for a living. I am just a maths nerd who thinks it's wonderful to make colourful lines.
A long green upward trend support may act as either a candle bounce off point for a sideways movement for the next few days. Giving Sub a chance to break from the current downward movement. Seemingly around the second of Feb. It could bypass this all together continuing it's current trend to the 7800 area into Feb. From there it could keep it's path, making me second guess myself and encouraging me to keep my day job. This could give SUB another chance to (sharply) bounce up testing what would become a 10650 trend resistance.
Or it could fall off the face of the earth and I would have been proven wrong. Causing me to go back to studying how this works. Maybe I can blame it on the futures. Keep in mind I do not do this for a living. I am just a maths nerd who thinks it's wonderful to make colourful lines.
