I would more likely look to the 200 day MA now as the target of price if we cannot hold below the 75 day MA.
SEN: Bearish
ST: UP
PA: UP
Thursday 15 October 2015
15 Oct 2015 - Don't Be Too Quick
Yesterday I mentioned that both the Daily/Weekly 75MA and the 60min 75MA were sandwiching prices and that we needed a break of the 60min 75MA to have a more bearish stance. This was not confirmed and as a result we had that rally. Also add to that an ST that was still in the UP trend, and OB.
I would more likely look to the 200 day MA now as the target of price if we cannot hold below the 75 day MA.
SEN: Bearish
ST: UP
PA: UP
I would more likely look to the 200 day MA now as the target of price if we cannot hold below the 75 day MA.
SEN: Bearish
ST: UP
PA: UP
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