DislikedThis is my take on things to come.
http://img412.imageshack.us/img412/1813/short1te2.gif
http://img412.imageshack.us/img412/1923/short2do8.gif
The price has clearly more resistance above than support below
With a major weekly trend that I see to be the hardest one to break but also down we have a 4H trend line and some levels of support I expect more ranging in the blue area, before 1H QQE cross down and confirmed that I think will coincide with the breaking of the 30min 233.34. My first target for TP would be 231.80 38.2 weekly fib with an entry around 233.
If no cross down for 1H QQE it can also go up very hard to decide for the moment, I'll just watch and see what happens.
Edit: 100 SMA on H4 and weekly trend line major resistances.Ignored
How did you get your charts to post full size? FF has changed something and I can't get my charts to post that big anymore. People are forced to click on the chart to enlarge it which is more time consuming. Did you adjust something or is it just your charting platform?
M2B