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

PAYPAL

Thursday 18 August 2016

18 Aug 2016 - EOD

While the ST still points down, the rally in price today has pushed the intra-day signals to OB territory.  Both signals here are not in SYNC but has potential to change the ST outcome tomorrow.  If we are to end the week in an ideal situation, my take would be that the intra-day continues to push prices to new ATH again, while reversing the day to produce a reversal bar and perhaps a weekly reversal bar that would end the weekly run.

All this is speculative of course, but one importance is the Monthly bar that is coming to a close in a few weeks.

SEN: Bullish
ST: DOWN
PA: UP
R: NA


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