Market will tell us finally what he will decide to do.
Please decipher the chart with your views. All I could understand is the downtrend PF, whose median is drawn connecting the two of the pivot highs and corresponding + and - channels.
I don't understand
1. Why is that thin line joined from Aug end Low to Dec end High?
2. On what basis, the uptrend PF is drawn? May be, would you mind adding more data (more time) on the chart to show how the up trend PF originated?
Your efforts are appreciated.
Cheers!
Babu Kothandaraman