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

PAYPAL

Tuesday 10 May 2016

10 May 2016 - Know What You're Up Against

I would have been quick to post a reset in yesterdays chart but decided against it and did suggest a reset be triggered only if the intra-charts exits its OB range.  Clearly this did not happen and so a reset sell signal or short was nullified.  ST has turned up, therefore a reset to the upside or exit of a short position is now the priority.

SEN: Bullish (Down-Trending May 5th)
ST: UP
PA: UP
R: Waiting for Upside reset signal


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