Thursday, August 21, 2014

UPDATE: Weekly/Daily XOIL breaks long term trend line > implications?

UPDATE: September 3, 2014 > price has broken back above the trend > meaning > there is less price congestion at that level and the trend line has lost 'significance' or the price level breach was an incorrect signal, and price must again remain above the trendline.  Hammer candle in downtrend could mean reversal.  Watching and learning.