Quiz
This week is about line work, there are no right and wrong answers, so it will be interesting to see what is posted up in response.
Just mark one line on the chart, to best illustrate the price action.
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On the chart below place a single line that you think best helps the price action come alive and illustrate what may be going on.
Optional - there is another quite obvious line that could also be added if you like.
Secondly, arrow the weakest bar on the chart, and briefly comment on why.
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On this chart (below), price had been in a downtrend, then it found enough support to knock price sideways for an extended period, but it eventually failed.
Those lines I marked, if extended into the future, will also mark where there is likely to be (substantial) trapped supply, which I would expect will cause resistance in the future if/when price revisits this level again some time.
cheers
