The problem with charts is that you can manipulate them to say exactly what you want. For instance, you are using a 3 day moving average which lines up nicely for the point you are making. How about it you changed it to an hourly or half day moving average, it would look much different. I see your point, but at the same time I think too many analysts read into these charts too much and self fulfilling prophecies become the norm whenever trends are confirmed, and new graph are made when they arent