Well, when I gently kiss my granny then It is definitely platonic, the cats, platonic, the wife, platonic however Emmanuelle Beart (before the injunction) most decidedly not platonic
Had my first fat finger (Laks) trade for a while today, 10x normal contract size, closed that one out quickly.
Still not sure what happened, I guess I must have activated the pull down menu and changed it on the way past with the cursor
I'm thinking there are two potential channels the boom steep one and the shallow one it is at the top of now which intersects with the previous resistance.
The parallel thin green line to the left of the chart is the way it behaved (albeit with much volatility) at this stage on the weekly chart before.
That volatility seems to have gone a bit for just now but the steep channel would signal a return to it if you like.
So, I suppose, in brief summary, ahem, it's at a fairly significant point and you're assumption is correct.
I suppose a simple yes would have done
Hehe, the big flop and flaccid consolidation doesn't bode particularly well for a firm move up I would agree but that channel did rather jump out at me this morning.
Have the Dow bears been looking at this all wrong?
Has it just established a parallel uptrend to the end of 2017?
Ascending wedge breakdown channel test has held...hmmmm
https://ibb.co/m1obrx
That's just confusing :-)
Dow not liking ma200 and downtrend. Bitty day otherwise. Widening ascending wedge breakdown form 5pm to now on the 5min bit of interest but otherwise no much
https://ibb.co/cySwpH