On 13 October I wrote: "On the second graph We also note that using the trident Andrews as analytical additional area of 13.000 points corresponds to the main axis of the fork, this area is red on the graph represents the resistance of the previous index. In the logic of the dynamics of Andrews, the curve of the index must reach the upper and lower channel it coincides with the area of 13.000 points. "
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The 13.000 points have been exceeded and the centerline of the fork mode is always resistance. Do not forget that the handle of the fork is a bullish bottom line, which explains that despite the excess of 13.000 points, the centerline of the trident is still resistance mode. This field strength trident defines the upper channel fluctuations bullish in which the Toronto index ranges for many months, see also this analysis includes a monthly chart . So if the upward momentum of the index does not alter its trajectory, it may well be that the TSX can not exceed the middle of the fork, but still manages to continue His ascension.
past 15 months, the main thrust of the trident is a very important resistance zone for the TSX, this wall will be exceeded when a potential support area for the index, a very significant tipping point has been crossed.
To view the previous analysis of the Toronto index, click HERE
Claude Bordeleau
The observer technical analysis of stock markets
past 15 months, the main thrust of the trident is a very important resistance zone for the TSX, this wall will be exceeded when a potential support area for the index, a very significant tipping point has been crossed.
To view the previous analysis of the Toronto index, click HERE
Claude Bordeleau
The observer technical analysis of stock markets
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