Thanks Pete
I definitely see what you mean, I also think that It closed on the support of the left shoulder so if it keeps above it then it could go further, but like you say if it drops any further it could drop endlessly. Also a quick question, do you think that the MACD line and the signal line being in a downward trend on the day is a bear signal or doesn't it really apply at such a short timeframe.
Thanks TD
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- Day Traders After Market Lounge 9th August
Day Traders After Market Lounge 9th August, page-25
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