MT: DOWN
ST: UP
PA: NA
Mixed signals are not strong enough conviction to trade these movements. Maybe it will change by tomorrow's session if our ST moves into overbought territory our PA will undoubtedly be on the upside.
Wednesday, 18 June 2014
18 June 2014
The markets didn't go based on our analysis yesterday, but mention an acceleration would have us turning bullish on our ST. Ultimately though it is still a wrong analysis given that I was favouring more downside. With this move today we got a higher high, and a possible ending diagonal indicated by the red dotted trend line. An EW sub-wave would label this a 3rd wave of a 3rd of a 5th wave.
MT: DOWN
ST: UP
PA: NA
Mixed signals are not strong enough conviction to trade these movements. Maybe it will change by tomorrow's session if our ST moves into overbought territory our PA will undoubtedly be on the upside.
MT: DOWN
ST: UP
PA: NA
Mixed signals are not strong enough conviction to trade these movements. Maybe it will change by tomorrow's session if our ST moves into overbought territory our PA will undoubtedly be on the upside.
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