DislikedI agree.
I'm looking at 203.10 area.
This is S/R level on the daily, where the last upper TL break was.
If the 1H turns up around the 50.0 fib, I'll add a small long, but I'm looking at the 203.10/202.23(61.8) area before another stronger move up.
Damn.... sucked back into the GJ.
But, if I'm going to have to stop scalping and move to a 1/4H strategy because my TV show will start shooting in 4 weeks, may as well do it now.
kjIgnored
Here's what I'm thinking. . . If GJ is to continue to the upside we should see it go down to the 203.40/50 area where the trend line brok but it should bounce hard off it and have a daily close above 204.04 area. . .
If this doesn't happen and GJ closes below 204.04 then the trend is reversed IMO and the 1st target is 201. . .