My take on charting. First of all, look at the full picture and stop truncating your view!
Second of all, look for the correct support and resistance from the complete chart, not just the small section that meets your point of view.
Thirdly, this could be the start of the second wave up, where the 150 wma crosses over the 200 & 250 wma, and the support comes in from the large funds and we ride the wave up exponentially higher and higher like the A2M wave if any of you charting experts care to go and look.
lastly, PLS and GXY are riding this wave (wma) perfectly at the moment. All the fools trying to day trade are suffering from extreme whiplash. Many traders are seeking medical help. LOL
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