Popular - Today: Trading channels: The guardian gave in

Trading channels: The guardian gave in

Million dollar question !

Comments

DinkDink
I personally don't think that trendline will have any importance, but I suppose it can. My concern is that everyone is drawing the trendline from the 2009 low, but what happens is the initial burst out of a bottom is the steepest rise and then the trend continues to rise, but on a less steep slope as higher lows are formed. A breaking of a trendline like this could just mean a higher low will form and the line will continue to become less steep. Good chart, thank you. 8/27/14
...