Main-Trend: UP
Short-Term: DOWN
Since tomorrow is a reactionary day we could expect an acceleration of sorts. But we should still follow our indicated trend (Short-Term).
Thursday, 31 October 2013
31 Oct 2013
Happy Halloween!!! We have continued the momentum lower for markets, but it is still not quite clear as to whether this is a corrective move down or a sustainable down trend. The clue is on our indicator to reset and make a lower high. The best timeframe to see this of course is on the 60min chart.
Main-Trend: UP
Short-Term: DOWN
Since tomorrow is a reactionary day we could expect an acceleration of sorts. But we should still follow our indicated trend (Short-Term).
Main-Trend: UP
Short-Term: DOWN
Since tomorrow is a reactionary day we could expect an acceleration of sorts. But we should still follow our indicated trend (Short-Term).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment