RE: CHARTS -T LINE TIPS1 Jul 2016 00:12
LEK, BT. So after moving down and then up again it is now exactly where it was @ C.O.B. yesterday. Looking at the lowest point on that descending wedge trend line, BT should open lower or open and go down to about 403.3'ish and that should be the lowest it will go in July. That is the theory anyway. Last month it went careering off down the hill to finish @ 360p.
I already have 2 SB's at 465'ish but small. If it turns at 403p I will put anothe one on but I think I will wait for a strong sell on the 1hr chart. With a T line.
However, as is the lag properties of the T line it is only now starting to form a T line on the daily chart and the price is already 15% up from its bottom