Trend lines derived from monthly close candles

Trend lines derived from monthly close candles

EDCY5i - Trend lines derived from monthly close candles

On this analysis the ATH was closer to 15000, the current channel lies between the thick red and blue lines – the buy point is in the olive circle or if price breaks above the thick red decendin trendline , stays there convincinlt and moves and holds above 15000.

My feeling is we will see price down to the 4500 – 6000 level – If this happens I’m ‘all in’!

Published at Sun, 03 Nov 2019 18:59:39 +0000

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