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February 07, 2018, 06:00:43 PM
Merited by Last of the V8s (1)

Good charts but its going to need more points on a trend to confirm that action as a valid point of any support of resistance I think.    Its possible for it to be too arbitrary, just drawn in to fit the data at present so it wouldnt give a good indication for the future exactly.

A trend is ok for a quick summary but a better show is a channel which is a set of parallel lines with some opposing show of regular decline in highest prices and lowest prices over time.



 
This is my very rough view and I go back to the ATH for reference of lower highers.  A proper rise requires us to break this decline at the highest point also