technical update, page-8

"..Its should be ever so obvious that below resistance supply is always found..its the higher lows that has caught my attention.. not the supply.."


Martis. Thats a very strange way of looking at it.

Q. But if we look at the stronger timeframe, its highly likely a LOWER high is forming, true?

One can forget all about it making a higher low on a smaller timeframe (daily), if the LT (dominant) timeframe is showing supply.

Of course I dont want or wish for lower prices but atm it can only be considered high risk for a ST trade at these levels.

I thought you may have learnt from that other stock you used to visit.

Near exact same setup (TA) is happening here, but it appears you may still be overlooking the danger that is potentially lurking in the dominant timeframe (for LT holders/investors), that being supply.

As always please DYOR, its just atm be careful

P.S. Martis, also you appeared to have missed the query of what stopped or broke your first upward (ST) trendchannel, any guesses, maybe some others may be interested in your reply as well

cheers