NOTE: ONLY THE FALL CHANNEL LINES HAVE BEEN ADDED TO THIS MODEL SINCE JAN26, 2018. EXIT OCCURRED FEB 6.
CURRENT MODEL OF STEEM/USD AS OF FEB 15. Larger Image
PEAK EYE IDENTIFIED ON JAN 26 IS CONFIRMED.
THE EYE SUCCESSFULLY DROPPED PRICE BELOW THE MIDTERM TRENDLINE ON FEB 6 WHERE SUPPORT WAS FOUND ON THE LONGTERM TRENDLINE.
USUALLY PRICE MUST TEST THE EYE 3-5 TIMES BEFORE IT CROSSES. THIS IS THE 4TH ATTEMPT TO CROSS IT.
AS THIS IS A VERY THICK EYE THERE IS A REASONABLE CHANCE THAT PRICE WILL AGAIN RETREAT BEFORE FINALLY OVERCOMING THE DEEP RESISTANCE. NOTE: LOF MODELS DO NOT PREDICT THE FUTURE.
IN ADDITION TO THE EYE, THE LATEST FALL CHANNEL AND ITS CONTROL LINE (CL1) ARE SHOWN. A REFLECTION OF CL1 APPEARS INDICATING POSSIBLE INTERIM RESISTANCE AS WE CROSS THROUGH THE EYE.
Image mine
For more information on Lines Of Force GO HERE
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IT'S YOUR MONEY. PROTECT IT.