“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Monday 5 May 2014

5 May 2014

Markets are still overbought, meaning that upside risk is still high.  Today proved to be very volatile, and the daily candle reinforces the analysis of a bullish trend in the MT, ST.  Perhaps, prices are forming a ending diagonal (Wedged) pattern.

MT: UP
ST: UP
PA: UP

 
Diagonal???
 


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