This definitely looks like a new center-post for a new T. What are the odds of this failing i.e. the trend not persisting to the end of the T? If this T fails the market should be shorted.
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The Illusion of Choice
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What happens doesn't matter nearly as much as what you make it mean ... and
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Thanks for the update, DC. I was hoping for one!
I have a question. In your chart, what suggests where the left arm of this new T begins? In the prices, there is a prior high that seems a candidate also. I'm guessing the answer is in the oscillator, but if you could elucidate, I would appreciate it.
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