DislikedExcellent observation, and much the same thing I am looking at....
BUT....
Because I try to keep an eye on all time frames...you have to keep the support line of the 24 SMA on the daily as well..Because we are above this line, we have support by it, so because we are long on the daily, long on the H4, assumption of long trend might be in play. Because we have tinkered in this area, I would consider this a consolidation zone. Play between the support of the 24SMA on the daily and resistance of the 200EMA on the daily...which ever breaks first...WINS!...Ignored
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- Jan 12, 2010 4:41am Jan 12, 2010 4:41am
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Veni, Vidi, Vici (We came, we saw, we conquered)
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Thank You
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- Jan 12, 2010 4:57am Jan 12, 2010 4:57am
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Thank You
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- Jan 12, 2010 5:08am Jan 12, 2010 5:08am
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Veni, Vidi, Vici (We came, we saw, we conquered)
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Ghost Rider - WWTBMD?
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- Jan 12, 2010 5:12am Jan 12, 2010 5:12am
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Veni, Vidi, Vici (We came, we saw, we conquered)