Disliked{quote} I use naked chart..so i just look at long wick and wide bar as a S/P. Btw how to decide pivot point?i really apreciated ur replyIgnored
It's just Davits' Pivot point which he wants traders to use on this tread.
I just use the one that was adapted by someone (forgot who sorry), to show historical levels rather than the levels for just this week.
I was tempted to short GU which was also in the zone, but there is some clustered support below, and looking at the daily, I just get the feeling it wants to pump up another level towards 3480-90 area.
I could be wrong on this but if it gets there, it is worth a great short in my mind.
Come with me if you want to live....