A trend is your friend...... until the end.

It is uncanny how well XLM is repeating 2014. We've tested support 3 times, which isn't great in itself and it now seems we're in a descending triangle. If XLM holds support beyond October 15th then the 2014 pattern is broken. Otherwise expect a 60-70% pullback.

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Still inside symmetrical triangle that began as a bearish trend, that means we're still bearish.

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Symmetrical triangle continues to hold form.

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Broken down sooner than I expected... a pattern that has been finding support for many months has now failed.

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Journey to long term trend line about to begin...

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We're in free fall now - On this weekly chart a breakdown of the symmetrical triangle occurred a lot sooner than I expected, which is a good sign, hopefully that'll mean a recovery will mean we don't wait until October.

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Continuing weakness for XLM, another Head & shoulders forming with crossing Stochastic to the downside and weakening RSI on this 3-day chart.

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Almost there....

Trade stängt manuellt