I am a fan of curves rather than diagonals or straight lines. The latter has too many false flags, which tends to work because they are so mainstream. Based on price action and long-term curves of support/resistance I have created a layout for numerous scenarios. Enjoy and good hunting.
Note: The Bears got faked out everything is awesome channel has 2 different fake out routes. Be weary.
Note: The Bears got faked out everything is awesome channel has 2 different fake out routes. Be weary.
Comment:
Also note: many people are fixated on the 61.8% retrace, but 2880 has an under the radar line of resistance built on the long-term rally. Bears might get caught with their pants down if they are waiting for the higher 61.8% retrace at 2936.