higher lows!, page-12

Saragian,

you are spot on. the descending triangle can only form when you have lower highs otherwise you cant form a descending trend line.

This is one confirmation that the trend is down.

Support is at the 14/15 mark.

Needs to hold this support line otherwise it MAY fall quickly.

Either support line or descending trend line shall be breached within the next 5 days, direction should then be clearer as to which way this is headed.....

Other indicators are showing weakness, chances are a fall thru the rendline however buying support could arrive at this level and push it above the trend line.

confirmation shall arrive soon enough, so patience with decisions is a virtue.


Cheers