Jase I wasn’t going to go into detail about this but seeing as you are now formatting your charts, you can keep this in mind.
Remember a week or so ago a posted a weekly teaching Zior why .15 cents was never going to be tagged while the lower bollie band was heading north after the big break out?
Well using your chart , I’ve identified the same example after the breakout you circled. See how the SP never went on to higher prices until the bollie reset and resumed as normal.
Currently on the weekly the lower bollie is resetting again after the breakout from 4 cents to 15. 13 cents was the highest the SP was ever going to get to and it hasn’t even got there as demand just hasn’t been strong enough to beat supply.
This week coming will be the final week of that resetting so you will see the lower bollie alter course taking the SP into a different phase.
Cheers.
IMUGENE CHART. TA only, page-30885
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