a nice bounce of the 45 degree angle on the weekly chart from zero just so happened on day 500. china is also loosening credit conditions while the rest of the world is raising rates. these three things make me think the bottom is in.
important thing to watch is if it can get above the incoming angle. a weekly close above 106 will be confirmation.
angles from zero are sometimes the only way to find a bounce and very few people know about this concept.
important thing to watch is if it can get above the incoming angle. a weekly close above 106 will be confirmation.
angles from zero are sometimes the only way to find a bounce and very few people know about this concept.