My SIMSCI SWING Chart above...Since the Higher High (HH) achieved on the 10th of Oct last year, you can see from the above chart that PRICE reversed into a BEAR TREND, giving us PRIME Lower Lows (LL), and PRIME Lower Highs (LH). But look at what PRICE is giving us right now?
With my TREND Chart having a Leg 1 of Back Door Bear Break (just established in Pre-Market as I type this post), I am quite confident that PRICE is poised for a change in TREND, on the SWING Chart basis.
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