Dislikeddoes it actually matter now where the daily close ?? we already engulf 5 prev daily candles ? thats more than enough signs that we heading lower ..the bulls did try hard for 5 days to get upto 146,then we reverse all their hard work in 1 day ?? as long as we close below 144/145 ? .. whts you dayily close for bear contniueation ?Ignored
many ppl. are watching daily close, for daily trend change.. sometimes.. few pips mater..
If you follow the AUS strategy using GANN HI-LO.. (10sma High/low) .. today we flipped 1h, and 4h.. and if your broker close at 5pm EST.. then we flipped daily GANN too.. suggesting all ganns are in line for next 300-400p down..
(for some more details please refer the starting pages of this thread)
P.S. when we crossed 145.29 (the monthly High) then was important to look that level and monthly close, as would give us some more clues regards the monthly trend..
http://www.forexfactory.com/news.php?do=news&id=233321
that's why I was sure yesterday that we go to 142.20, as we couldnt close higher the 145.29