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

PAYPAL

Wednesday, 23 March 2016

23 Mar 2016 - Outcome Of Typical Move

Are we out of the woods?  ST shows market is still UP biased, but today's move was typical of an OS and bearish intra-chart.  This would have implications to the ST if signals stay in this condition through tomorrow.  Price needs to distance itself from the pivot or any reset will give potential for a higher high in price to come.  If this is a corrective pull back, I would expect 2026 - 2024 as the support zone for a=c target.

SEN: Bearish
ST: UP
PA: DOWN


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