UPCOMING SIL TREND BREAK
Downward trend since late October with 3 (almost 4) touch points. A break could have a close enough upward support to justify a low risk long entry. Lots of upward room before reaching a level of support and resistance. Would need an additional touch point or more time to justify a short entry on a downward break.
Note
20JAN UPDATE:
Additional touchpoint achieved on the upward trend line. Both the rising and falling trend lines now have enough time and data validation to justify either a long or short entry depending on which way price action moves.
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