A continuation of the previous educational article (titled What Technical Analysis Can Do)

See the attached picture for the monthly frame of the Seventy Index

You will find that since January 2024, for about 19 consecutive months – the Seventy-Year Index has been in an upward trend that is visible to everyone.
Therefore, according to the first theory in technical analysis, simplicity and no need for twists and turns (the previous trend exists until its opposite trend is proven).
Since the previous and current trends have been bullish, we assume that the future will also be bullish
What are the important questions? Till what time? How high?
The answer is no one knows except God

But this is a technical guide that you can simply follow as it happens and never expect a change in trend direction
Very simple proof is this: if you look at the last 19 monthly candles, you will see that it has never happened that a candle closed lower than the previous candle.

Therefore, when you see a monthly candle closing lower than the previous month’s candle, we assume that this could be the beginning of a correction or the beginning of a change in the direction of the previous trend. (Because this is an important event that has not happened in the previous 19 months)

There are other instructions but I’ll try to simplify it for you step by step
Do you understand what I mean?
If you continue to follow the follow-up posts
I won’t be silent until everyone understands
I wish you all success
a glorious morning

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