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#11 steadyquest



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Posted 07 November 2021 - 07:05 PM

On the one hand we are parked atop a support level dating back to 2012.  On the other hand the general trend is downward and the mid-trend line is just overhead.  Also on the one hand we are sitting near the right shoulder of a monstrous 2.5 year inverse H&S-ish structure, meaning there is much area (time and depth) beneath the mid-line and a vacuum above it, suggestng some balance to the upside could be in the offing.  On the other hand the two recent overhead rejections at the mid-line were swift and precise, whereas in the past we have tended to pop above the line and bounce around on it, so it may be providing serious resistance now.

Jeez - I'm starting to sound like a RT song (On one hand I count the reasons I could stay with you... But on the other hand, there's a golden band...).  That's okay - it's all pieces of The Storms of Life.