hollywood1111
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georgetta, I know that the term "kiss and goodby" was explained in this forum several times, but I am not quite sure of its meaning at this time. I tried to find the explanation in the Forum using the search function, all to no avail. Do I get it right that what you have in mind is this - the price hits the confluence level and then pulls back to the downside (as Sive suggested in his today's update - price will likely retrace to somewhere around 1.42 and then will move to the downside).
Thanks.
No. THe monthly trend is to the upside, so his guess was a "kiss goodbye" to the support line (= the monthly trend line), followed by a move to the upside