A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. It was developed by a Japanese Rice Trader in the 1600's. He was so successful that the Japanese beheaded him & his family. The NASI added an up Brick today. Based on recent history, after we add 3 more, the Nasdaq will begin its slide down.
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