Son of If You Can Draw a Straight Line . . .

1005: seems weakness returning. LH and LL in place for now. LOLR seems down to me at the moment.

 

Don't be too quick to see broken lines.

 

Working on that.

 

10:07: Nothing's happening. Price might blast above 64 if this drop to 62 area fails.
1009: Hinge?

 

10:10 Yep, buyers are showing up

 

1010: Price tried a few times to go down but failed. Lets see if demand is enough to go up or we drift.

 

Now the SL is broken, and the hinge is done.

 

10:12 Here is the decisive moment. Will we break or a DT will be the sign buyers dropped the ball.

 

1013: Notice price is having trouble breaking out but it's not dropping down. Demand is persistent so far.
1014: And it dropped
10:15: We had a HH, a new DL in place.

 

Correct. One will have to be fast.