Original trading idea here : https://steemit.com/penny-stock/@apok/chart-art-painting-a-picture
Update #1 : https://steemit.com/money/@apok/painting-a-picture-continued-chart-art-adtm
So this is where we stand at the moment... A very slight adjustment to our trend line and now comes the moment of truth... Will the idea stay true? Closing below our current trend line could lead us to the following scenario...
By adjusting our lens we can see a different possibility
It would make sense for this market to test the 200 day moving average (red line)... This same point also represents a previous point of resistance. The market may just have to test the previous resistance line as new support before marching upwards... From this perspective we can also see the 50 day (yellow line) is forming some resistance.
Preparation, patience and progress... practicing the P's...
Progress Update since the original idea :
Allow me to address that this is not financial advice... It is recommended that you do your own due diligence, fundemental and technical analysis before purchasing any asset. I simply enjoy looking at the charts...
The 'bigger picture' we're working with
The volume catches these eyes the most...
Which idea will prove to be accurate? Or neither?