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As highlighted earlier. Broke second lowest green line. Held the...

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Ewebute

6,097 Posts.

985

27/01/22

14:10

Post #: 59162799
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Originally posted by Ewebute: ↑

The green lines appear to being used as a new downtrend channel. I have included a lower green possible 'bounce' level in case there is a massive push down. Will that signify the end of the downtrend push, maybe then a break of the upper green trend line might be a good time to take profits and wait for a push up

With the momentum lower, and a break of the lower green line, it might be total collapse to 5000 points.. Scary thought.

These are starting to sound like the king of trades on the main weekly thread... At least I am backing my stuff up with some sort of visual evidence... but in the end no one can really know the future.

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As highlighted earlier. Broke second lowest green line. Held the lowest one, and now pushing. Target highlighted maybe early tomorrow.
Opportunity for shorts if it doesn't break those red lines

If time moves us past that orange zone, then I will re-assess.

Last edited by Ewebute: 27/01/22

XJO Value at posting: 6,856.6
1 Upvote

0 Great analysis

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