Originally Posted by
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Hmmmmm.... I not good with words... but I will try my best to explain how I did my analysis.
Basically I will determine the support and resistance line and draw a horizontal trendline,as you can see in the image above.
In the event the market approaches 1st level support trendline, there is a possibility that it might drop further.
And should it touhes that the 2nd Level support trendline, the odds of dropping further are raised.
Ultimately, if reaches the 3rd then, its for certain drop down.
That is what I had detected.... Truly this observation don't tell when it will boounce back up...(hahaha sadly to say, must operate on it).
Please do comment about these observation... you men are more expert. . I juz a noobie