Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.
Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.
Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.
That has been the pattern for a year or so
Drops then higher lows followed by a rise up then a drop again to a new low area before that pattern roughly repeats
Kind of curious though when that trendline will be broken
On the larger scale, sure. It's a bear market we're in, after all
But I'm talking about the January trend alone, so no new low (yet). And right now, I see more signs for consolidation + (upwards) continuation than reversal of the local trend from January.At what point can the long-term downtrend be considered 'over'?
