Same as my last chart, different time, different view.
Learning for B.
So what happens if the long standing trend line breaks? then what? there is another one so never fear. if the bottom side trend line breaks, i have a new target view of the market.
so if this support breaks, there is a Larger one that has been in since the March Crash.
If this mid term support breaks the market momentum will attempt to run to the next valid Major support.
These are Support trends, there are also a lot of others like at different price levels etc, but i'm specifically showing you trend lines of support here and how they are magnets for price.
The next Major support has been in long term... and the Entire increase in price with Volume from April 29th happens to retrace to the .618Fib just in time to hit that support.. this shit isnt a coincidence. Look for short term gains like my last Chart, but have all options in your mind. Be patient but always second guess what you think you know.
There is no crystal ball, only predictive patterns based on previous behavior.
So what happens if the long standing trend line breaks? then what? there is another one so never fear. if the bottom side trend line breaks, i have a new target view of the market.
so if this support breaks, there is a Larger one that has been in since the March Crash.
If this mid term support breaks the market momentum will attempt to run to the next valid Major support.
These are Support trends, there are also a lot of others like at different price levels etc, but i'm specifically showing you trend lines of support here and how they are magnets for price.
The next Major support has been in long term... and the Entire increase in price with Volume from April 29th happens to retrace to the .618Fib just in time to hit that support.. this shit isnt a coincidence. Look for short term gains like my last Chart, but have all options in your mind. Be patient but always second guess what you think you know.
There is no crystal ball, only predictive patterns based on previous behavior.
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