The market is looking bullish with this hammer resting on the monthly 80.9 @4988.
http://img413.imageshack.us/img413/2460/cmcapture1k.jpg
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Also with weekly bear targets being met (4990-4951), the market bounced off of T2 with a nice bullish engulfing, followed by a hanging man and three dojis.
http://img713.imageshack.us/img713/372/cmcapture2.jpg
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However we need a brake of this trendline to facilitate buying and a break of 5054 to really start this uptrend.
http://img717.imageshack.us/img717/4128/cmcapture3.jpg
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Weekly support is at 5006 and our daily pivot is at 5018. The market is in a crunch. Look for big moves today during london and/or us session(s). :nerd:
http://img413.imageshack.us/img413/2460/cmcapture1k.jpg
Uploaded with ImageShack.us
Also with weekly bear targets being met (4990-4951), the market bounced off of T2 with a nice bullish engulfing, followed by a hanging man and three dojis.
http://img713.imageshack.us/img713/372/cmcapture2.jpg
Uploaded with ImageShack.us
However we need a brake of this trendline to facilitate buying and a break of 5054 to really start this uptrend.
http://img717.imageshack.us/img717/4128/cmcapture3.jpg
Uploaded with ImageShack.us
Weekly support is at 5006 and our daily pivot is at 5018. The market is in a crunch. Look for big moves today during london and/or us session(s). :nerd:
A. Finesse Williams
Making Millions One Pip At A Time!