Pattern Analysis Using minor trends to support secondary trends

14 nov 2015

View in 1 month. This is my first post. Also, anytime I say something definitively, that is just what I believe. I don't want to say "I believe" for every single sentence. I fully explain my pattern analysis in the chart. Basically, I ignore the massive run off and sell off that occurred in the past week. It's too exponential too provide any primary trend, so I ignore the primary trend. I look at how the minor sideways trend of the last couple of days will spur a secondary upward trend.

14 nov 2015

Nota

I'm assuming you know what primary, secondary, and minor trends are because I don't explain it. The blue horizontal lines are support and resistance. The red dotted lines are short term s&r lines. The dotted blue line is an s&r zone.