I cant really tell, the 3H is a strong up still
I dont see a signal of a reverse.
It has been an amazing come back and i am certain there is some retrace in the works and thatis why I sold my 209.99 for 7 or 8 pips and reenetered a order to buy one again at 209.99.
We have strong LT trend line support at 209.20 now moving up every 3 hours.
There may be some small bounces but a continued move upward is in order.
UJ is now above 105 for a bit now maybe it can hold as that is a big level.
I am going to bed thinking up because if it runs down I dont have many orders if any waiting to be filled. Except the 209.99 which I could care less either way if it gets filled, if it does great, I have still good margin useage
Thanks for keeping us up to date while you are on vacation!
Quote:
Originally Posted by Andrewunknown
Inverted hammer forming on 3H if closes at or below resistance at Kijun-Sen @ 210.15;
Chikou Span is also reinforcing the ~210.15 barrier.
Also resistance @ 50% fibret for last swing high/low (208.00 - 212.25) there.
A close on the 1800 ET candle much below 210- @ 2100 ET creates Dark Cloud Cover. Dark Cloud Cover, Piercing and Engulfing Patterns pair very well with line studies to signal the Guppy's peaks and troughs.
61.8%: 210.63. This matches with the classic barrier (~210.67) we've seen since the beginning of June. 210.55 fib fan here as well..
76.8%: 211.25 - which coincides exactly with Senkou Span-A @ the bottom of the kumo. Fib fan resistance ~211.15 here. Keeping in mind price and Tenkan-Sen/Kijun-Sen all remain below the cloud.
Above that back to the 211.68-212.20 (our 100% retracement) range with which the Guppy recently contended.
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