The old lines are in green ----- they are not as far off as I thought, but I am using a third party non broker charting applet (system web based)
In any case, we are coming up on the initial weekly channel bottom before it got expanded downwards, just as it was upwards.
So, there may, "just may" be a touch of resistance at that line, yet not too worried about it for the coming week.
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Now, this chart has the DTL that is clearly broken on the weekly and monthly (we don't even need to go to daily) Drawn from top wick, to connection, middle or so, to connection and candle top to connection, which all show a significant break, so guys, get your charts right.... Remember it takes two points to make a trend line. Not just throwing or casting out arbitrary lines from any high or low...
In any case, we are coming up on the initial weekly channel bottom before it got expanded downwards, just as it was upwards.
So, there may, "just may" be a touch of resistance at that line, yet not too worried about it for the coming week.
------------------------------------------------------------------------------------------
Now, this chart has the DTL that is clearly broken on the weekly and monthly (we don't even need to go to daily) Drawn from top wick, to connection, middle or so, to connection and candle top to connection, which all show a significant break, so guys, get your charts right.... Remember it takes two points to make a trend line. Not just throwing or casting out arbitrary lines from any high or low...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News