weekend charting march 18-20, page-42

  1. 2,829 Posts.
    I noticed another fork alignment while I was reading bones QHL post. I have marked it in on his chart with dashed green lines. It is possible that the current price movement s a back test of the (broken) dashed green support tine. Should price reject off it as demonstrated resistance, you might have to look to the lower dashed green 1st warning line as support. If it breaks up (perhaps along bones path A), then you should want to see a back test from above, to demonstrate that support would hold, which should bring bones 2nd path in to play, if successful.

    Pretty complex picture anyway. Lots of opposed influences to sort out.

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