Saturday, April 17, 2010 7:44:34 AM
2 year / daily chart
i dont use indicators, i dont use voodoo, i just watch price vs resistances and supports within channels. i follow very simple patterns and its the way i like to keep it.
i believe the trend has changed, and is now in a longterm upward trend. AND as you can see, the volume increased just as the trend had changed. My ultimate target is the purple line .012 - .013 ballpark figure, because i think a V-shape chart pattern has formed.
As you can see (with my blue circles drawn), the pattern has changed from lower highs and lower lows, to now having higher highs and higher lows. i have yet to see a negation of this trend, and believe that volume will come pretty soon because of how i see the chart.
this is imo.
and here is another closer look at the chart / uptrend channel / and resistances/supports i have noted.
Have a nice day everyone!
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