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Notice the line convergence at 1000-1010 level. This is why potential break of the last low should result in acceleration of the move to the downside.
JA
jarek
Rep: 94
Posts: 3,474
We began last week right above the ML of the downsloping set anchored at points B, C and D of our bearish ABCD and we finished the week right above the lower ML of this set, while bouncing exactly off it on Thursday:
Notice the line convergence at 1000-1010 level. This is why potential break of the last low should result in acceleration of the move to the downside.
Notice the line convergence at 1000-1010 level. This is why potential break of the last low should result in acceleration of the move to the downside.
