First of all Happy Birthday Randy...hope you enjoyed the day off..
Yesterday I posted:
"1.3525 is my new key level for bullish - bearish momentum"
This scenario is still in place..
Reason is the 50 Fib Fan line, starting on the 17th March at 15.00h.
Price been tested 9th times today on this Fib line, but its still holding, despite a major drop of the DJI today
A clear break below 1.3525 which is based upon Gann, supports a break of the current 50 Fib level, which opens the door towards next Fib 61.8 and my next lower support level of 1.34521
A break of 1.34521 would wipe out all bullish momentum and confirms a full reversal towards 1.30 levels
I'm on the sideline
New range for me is 1.3525 - 1.3625, breaks below and above confirm bears or bulls...
As always..just my 2 cents..
Enjoy your weekend all..
Yesterday I posted:
"1.3525 is my new key level for bullish - bearish momentum"
This scenario is still in place..
Reason is the 50 Fib Fan line, starting on the 17th March at 15.00h.
Price been tested 9th times today on this Fib line, but its still holding, despite a major drop of the DJI today
A clear break below 1.3525 which is based upon Gann, supports a break of the current 50 Fib level, which opens the door towards next Fib 61.8 and my next lower support level of 1.34521
A break of 1.34521 would wipe out all bullish momentum and confirms a full reversal towards 1.30 levels
I'm on the sideline
New range for me is 1.3525 - 1.3625, breaks below and above confirm bears or bulls...
As always..just my 2 cents..
Enjoy your weekend all..