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Long term support trend line is this. You draw a reverse trend...

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    Long term support trend line is this. You draw a reverse trend line from the supply trend line.Obviously such trend lines can be broken out of and if they do they show a major change in the trend/business.

    https://hotcopper.com.au/data/attachments/1990/1990442-fb4b666902fdf7027850caa94f2ddf42.jpg
    Its still entirely possible the short term price action is a redistribution and the end result being a break of the trend but if it is an accumulation then the next time the trend line is retested again it should rally from it.
    Last edited by Jamieevie: 18/02/20
 
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