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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (56354)2/8/2020 8:05:15 PM
From: Doug R  Respond to of 79378
 
A break over a target line for a MIMBO usually means a 2nd anchor to a new accelerated uptrend line will be placed. That necessarily entails a pullback for a low to be set as that anchor.

IQ does have the line setup to completely shift gears to that higher channel and use the target line as its new lower channel line. That would be a pleasant surprise but typically, the uptrend of current support accelerates and that new, highest line (red) becomes the next target.




To: RWS who wrote (56354)2/8/2020 9:33:59 PM
From: Doug R  Respond to of 79378
 
The HIMAX call was pretty remarkable.
Thx, I appreciate the remark.

Been doin' it for a while:
ca. 2000: (had a sloppy April that year) ;-)



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