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A.) Prices opened lower, eventually falling about 1%. Along the way
B.) Prices formed two bear market pennant patterns that ran into resistance at the 20 and 50 minute EMA.
C.) Prices hit bottom at the previous days low and then started moving higher in an upward sloping channel.
And now for another charting conundrum:
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Which trend line is the "read" trend line? A looks good because of all the connections it has along the way. But B has alot of connections today. So -- which one is it?
We'll find out more tomorrow.
