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

PAYPAL

Wednesday 29 April 2015

29 Apr 2015

Prices were not able to stay above their breakout level which leads me to think bids are weak and not confident for a sustainable push higher.  Another much more powerful Bradley date come in on May 10th.  So we have at least a week of back and forth before any significant price action happens (Up or Down).  The pattern higher from The April lows could also be a 3 wave affair on an ending diagonal 5th.  But with the ST turning down today we could see this wave possibility fail. 

MT: UP
ST: DOWN
PA: NA

Mixed signals are typed out above, and do not lead to any conclusive direction.  Look for acceleration of price to indicate direction in tomorrows session.

No comments:

Post a Comment