Great day for scalping on the lower trend line from the 250907 low, still have 1/2 my origonal position from this morning, my target is the upper declining trend line. Looks about the right place to pull back from there possibly down to either just the daily 61.8, the daily lower t/l (see previous chart) or the weekly pivot 237.52, I think the trend line being the most probable.
Then a test of the 240 level again, if we can make it above 240 and the upper daily t/l it would be a great long on a retest of that level.
Of course it may not pull back at all.
Just my opinion.
Then a test of the 240 level again, if we can make it above 240 and the upper daily t/l it would be a great long on a retest of that level.
Of course it may not pull back at all.
Just my opinion.