(Reuters) - Greece on Monday became the country with the lowest credit rating in the world after Standard & Poor's downgraded it by three notches, saying the agency would consider a likely debt restructuring as a default.
Cobra wrote:bears need a L1 to confirm a small pullback or consolidation. generally, the rebound shouldn't be over.
Sorry for retarded question....what exactly is meant by L1?
go to "Getting Start".
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pullback as i said, now bulls turn, a H1 is needed first then we'll see.
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maybe a little late to post image here as it requires time to type and download. there's a chance the rebound could fail here, I cannot explain why, let's just say any time a revisit of the previous high, there's a chance.
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L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.
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Cobra wrote:L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.
Cobra wrote:L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.
could be a mini bull flag plus double bottom forming?