friday thread #2, page-52

Mongo

Thanks for that, I have been out dining.

I find BBB's either provide a reversal at contact or if they don't then they moderate the continuing trend.

And it hasn't crashed through so a crash shouldn't happen from here, touch wood!

Obviously it suggests the trend is down and it wasn't just a mini correction.

Now any bounce to the average or upper line has to be considered resistance until persistance works to the upside.

They work pretty much like the dynamics I mention although I feel the dynamics are more precise.