price is right!
I am not even expressing an opinion...only making a neutral observation about price vs. a downtrend line that has failed until proven otherwise.
Yes, price is always right. Current price is always a fact. But tell me how does that help me make money. One has to extrapolate the future price movement based on the current price structure and place their bets. That's what is gonna make me money. Now tell me should i place my bets on the downside or upside to make money over the next few hours. If you ask me, read my hourly sell post, where my system unequivocally advocates a sell. That sell is a signal based on reading the current facts (price, EMAs, momentum) and projects a highs odds future direction.