Trend line breach imminent
From observation when ever a positive trend breach has occurred it is followed by a positive price increase, inversely the same is true when a negative breach occurs. this has been proven in my last few charts.
The same is true when the price holds for long enough to breach the trend line as positive or negative and a subsequent buy or sell normally follows,
as time progresses and the price remains steady the chance of a positive breach is increased; inversely if the price falls before it reaches the the upper trend line it remains in the down trend for longer and if it negatively breaches the bottom trend line it falls rapidly. (again refer to my past charts)
Here are two upcoming trend lines, including the peak correction trend line.
The same is true when the price holds for long enough to breach the trend line as positive or negative and a subsequent buy or sell normally follows,
as time progresses and the price remains steady the chance of a positive breach is increased; inversely if the price falls before it reaches the the upper trend line it remains in the down trend for longer and if it negatively breaches the bottom trend line it falls rapidly. (again refer to my past charts)
Here are two upcoming trend lines, including the peak correction trend line.
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