Dislikedyes, it seems to be linning up. However, it is late in the trading day and you may not get teh volume needed to move the price mush at this point in time.
Generally you want the EMAs to converge, thenFractal up to form, then price to break the fractal level. Be aware that the 15-min and 60-min EMAs are lined up for SELL, and this lat in the day I would not bet on much movement against the trend. If I was trading this, I would wait till tokyo open to see if this setup develops.Ignored
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- Mar 8, 2011 8:25am Mar 8, 2011 8:25am
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