I love the log scale, but have to remind myself to switch out of it time to time when identifying diagonal supports.
This is one of those times.
I was pretty disappointed to see price action ignore my support that I hoped would stay strong, and it blew right past it. After switching away from log scale, I realized that there was reason to believe this is the bottom, and not only that the large historical support is here, but that we're in a falling wedge and at pivot points as well. Let me know what you think- I'll post a standard idea as well so that we can track how well things go. Thanks for watching.
This is one of those times.
I was pretty disappointed to see price action ignore my support that I hoped would stay strong, and it blew right past it. After switching away from log scale, I realized that there was reason to believe this is the bottom, and not only that the large historical support is here, but that we're in a falling wedge and at pivot points as well. Let me know what you think- I'll post a standard idea as well so that we can track how well things go. Thanks for watching.
