Pink line showing trend line showing up trend on daily chart.
Counter trend lines shown with blue arrows.
Green arrows show U-turns and good entry points (ie. Buy when daily candlestick closes higher than the countertrend line).
Note after green arrows there are 4 - 8 up days before a new countertrend line.
black thick arrows show range of possibilities for tomorrow. Lowest expected would be to trend line and bouncing off (low of $478). More likely (based on above trend analysis) to extend above $524 with close higher than $492.47.
Counter trend lines shown with blue arrows.
Green arrows show U-turns and good entry points (ie. Buy when daily candlestick closes higher than the countertrend line).
Note after green arrows there are 4 - 8 up days before a new countertrend line.
black thick arrows show range of possibilities for tomorrow. Lowest expected would be to trend line and bouncing off (low of $478). More likely (based on above trend analysis) to extend above $524 with close higher than $492.47.