Q3 will fly, Q2 will be mild, page-49

Wine, just saw this. Can you spot a bottom anywhere on this chart?



Nothing goes up or down in a straight line. I placed my orders when it didn’t get through 34.5c a few times, betting on a pull back of some sorts (not necessarily anticipating it would occur quite so dramatically in as short a space of time)
Today, we clung on to and reinforced 30c support. We have a two day bullish Harami Cross pattern. My guess, is the healthy retracement is done now and we will bounce from here. Three things can happen (always), it can go up, down or sideways. A break above 34.5c is required for confirmation of the continuation of the formative Uptrend (green trendline above), alternatively, if it goes sub 26.5c, that would indicate a continuation of the old DT we thought we were putting behind us and all we can look forward to are unpleasant new bottoms - or, it may be entering a boring sideways trading range between 30c & 34.5c, yawn. We’ll see.