Thursday, January 10, 2008

GBP Futures: Still No Bottom in Sight...

My GBP TREND Chart above...
As you can see from the chart above, there is still no sign of a bottom...we are totally in a Bear TREND, with Lower Lows, Lower Highs, then Lower Lows - other than the "occasional illogical" oscillation, like a Higher High or a Higher Low.
We need a 3 Leg Bear Break, to stop the Bear TREND, and then an entry to go LONG, on a SWING basis.

No comments: