@Sparktrader
Thats incorrect.
Read the accompanying note it ,,I know just words ,, scratches on a page to you ,,,but they have meaning to the the literate majority.
I stated we have 2 possibilities uptrend or consolidation ( meaning sideways) ....And we went sideways the next day. I got it right.
Friday, US market sank,,that means downward pressure will be put on the consolidation.
If the US market boomed higher instead, then the pressure would be to the upside and so an uptrend would win out.
I cant explain things any simpler than that.
Chart, page-25
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