Loading ...I just saw the word “reversal” and wondered which way. I think you answered that question at 22:20. I am no chartist by any means, but through the years I have been exposed enough to understand basics when I look at one. But I haven’t tried to read or understand them in quite a while. I was just being lazy and wanted a quick answer. But since I’ve opened the subject, if I were to look at the chart at 14:03, what I see is a level, choppy action in the midst of some downward movement, with the likelihood of more downward movement, as seen in the top portion. And if I look at the bottom of the chart, I see recent downward movement in the up channel illustrated, movement that threatens to break below support. A reversal of that trend would be upward, would it not? Hence, my confusion.
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