MOE ~ DA responce is dead on. Sometime these kiss are fast turns (v patterns) and sometime they take a couple of days to play out, "roll-over pattern". But it coming soon unless we get some great market new. News trumps charts patterns!
To confirm the kiss look on DA chart, is to look at the FSTO. It is almost pinching the red adx line. That's a bottom pincher. Look back on his chart to just right after 1st of July to see what happen last time this happened. The clock is now running out but DA is exactly right about put a buy resistance line in the sand. Some might say the bottom of the 17.68 candle but I tend to go back to the last high low which was 17.00. I would also accending triangle line from the bottom 14.68isn of the price channel touching the 16.50 channel to the top of the channel. Since I a slower player I want this to be broke to confirm the trend is broken but knowing DA he would have bought, sold, counting his profits and be eating lunch by then.
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