Although the market indexes traded well-off their low on Friday, they did not show any decisive reversal and they were still closing below the T-line. This makes the T-line rule the predominant factor, a downtrend has greater prospects when price moves close below the T-line.
September 8th Daily Market Comments
Although the market indexes traded well-off their low on Friday, they did not show any decisive reversal and they were still closing below the T-line. This makes the T-line rule the predominant factor, a downtrend has greater prospects when price moves close below the T-line.