trendline resistance is a huge factor is this scenario. if history repeats itself, we should see some more downside ahead of us
we could also break out of that trendline, into a bull trap , before heading back down..
we will have to wait for confirmation of the breakout, to see if then bull run is back on.
a break out and re-test of trendline support would be good for the bulls, as it shows strength.
beware if we breakout, then head back into the channel.
glta
we could also break out of that trendline, into a bull trap , before heading back down..
we will have to wait for confirmation of the breakout, to see if then bull run is back on.
a break out and re-test of trendline support would be good for the bulls, as it shows strength.
beware if we breakout, then head back into the channel.
glta