Here we can see a clear trend line ( TL ) marked out that has been used as previous resistance and now turned support.
We are expecting price to keep bouncing off this TL and following it down in a bearish movement.
We are keeping this 1 short, sweet and simple as that is the best way to look at charts and learn.
Most of the information on the internet to do with trading is put up by the government just to confuse people into thinking you need to use 1000000 indicators or you will fail... This is what they want us to do FAIL so we all stay in line and continue to line the governments pockets with our hard earned cash.
Rant over... for now :p
We are expecting price to keep bouncing off this TL and following it down in a bearish movement.
We are keeping this 1 short, sweet and simple as that is the best way to look at charts and learn.
Most of the information on the internet to do with trading is put up by the government just to confuse people into thinking you need to use 1000000 indicators or you will fail... This is what they want us to do FAIL so we all stay in line and continue to line the governments pockets with our hard earned cash.
Rant over... for now :p