monday meanderings, page-5

Just following up on some of last weeks discussions, this graphic might help to make sense of some of the current action, as well as help to clarify the concept of 'dynamic resistance', and how it relates to Andrew's theory. I have zoomed this up as much as I can while still leaving the swing points in frame, and used a 30 minute chart.

If we get a back test of the old down trend structure in the next couple of days, I will see if I can do a chart of that as well, but I will have to use a longer time scale.