This is a chart that I watch for discretionary trading...shows setups well. This setup is at cycle resistance in a confirmed downtrend in a persistent down cycle and a sell setup on the m3WR.
Also, there are multiple resistances at these levels.
From a technical perspective, a breakout of the trendline is a high risk of being false and may reverse to new lows. If that's the case, its another example of why its so hard to trade trendlines.
This is the system chart:
Coffee Break: Information War Goes Sectarian, Trump vs. the Pope
-
POTUS Trump's ugly and open social media conflict with Pope Leo XIV is a
new chapter in the information war that shows some deep sectarian cracks in
the Am...
14 hours ago


