I noticed a pattern:
There was an increasing slope of support level, which was broken.
I'm not saying it's dropping to the purple line on the bottom but there is nowhere on the chart to look at besides that. It is clueless guesswork to try to find where support will be.
There was an increasing slope of support level, which was broken.
I'm not saying it's dropping to the purple line on the bottom but there is nowhere on the chart to look at besides that. It is clueless guesswork to try to find where support will be.
But why do you ignore the low in your second support line? Try drawing an actual support, you will see a very convincing rebound now.
If that supposed to be a joke, sorry I missed it then.
you could use the same trend with the peaks also. in that case the trend was broken in December