- Hard & Soft Downward Trend crossing, impossible to sustain. ETN gets smashed down.
- ETN re-tests Hard Downward Trend but gets smashed hard once more.
- ETN find support at the double bottom that also correspond with support trend from previous rally.
- ETN smashes through the hard downward trend with ease.
- ETN smashes against the soft downward trend over and over again until they eventually break above.
- Possible continuation: ETN bounce again the soft downward trend as support and keeps a slow rally along the long term (green trendline).
4 Likes