"In my interpretation I can not see how you could interpret a down trend from only one point of contact over 12 months"
I find it strange and surprising that as a chartist with your experience you can't see the downtrend, even if I didn't help out with some falling channel lines, but let's change the scale to arithmetic scale, which might help in this case.
You usually say the weekly chart is all people should be interested in, however now you kind of asking for details/ touch points which you would have been able to see in my numerous daily update charts of the LIT Global X so if nothing else you should be able to relate to them, as it is an established downtrend, which IMCO is part of along running ABC correction.
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