Disliked12/29/08, daily pin in same PPZ area, successful, and 2/12/2009 there is ALMOST a BUOB that also would have been extremely successful after the initial break of the PPZ (looks extremely "deja-vu-ish" to the close of yesterday's BUOB... (I mean the break, retracement back to that PPZ, and PA for a long position)
also the size of the bar is pretty strong in my opinion....Ignored
That's good Dan, history does repeat itself at good levels. So it's always good to look back in time.
The more current PPZ levels, 91.00 PPZ, looks like it can support that good size BUOB.
I would like it was closer to 90.00 level. (I'm sure Mike would too). Meaning that Price my want to draw back to the 90.00 just to test it again. It's not a bad setup, it has good potential.
Indicators show the past. Price Action "Indicates" the future.