Share
1,065 Posts.
lightbulb Created with Sketch. 171
clock Created with Sketch.
30/10/17
12:00
Share
Originally posted by plouton-1
↑
Strong downtrend? Zoom out of your 5-minute chatrt please. Have a look at a daily/weekly/monthly. If you still see a downtrend my friend - your monitor is upside down.
As for "magical descending triangles", for every case you can show me where descending triangles resulted in a price decline, I can find you at least 10 where the price went UP. Drawing lines and patters on a chart - does not drive the price.
Expand
I am looking at a daily - I don't trade on minutely/hourly. I definitely see a downtrend here. Can you? (Helpfully outlined in big, bold red!)
I don't need to downramp, sellers are doing a good enough job. Outweighing buyers 10 to 1 isn't exactly conducive to a rising share price is it now?
NZX Depth:
Current chart: