Dislikedwelcome Hally
I would be waiting now myself maybe down further towards the 8000 mark as well myself
But did you see that BIG huge beob at a nice clean swing high. I know end of the year I wouldn't be trading but this stuff works whever
Again welcome to the thread
MikeIgnored
Thanks for the welcome. Have to admit I missed seeing the BEOB at the high until you mentioned it. Agree that 8000 would seem a logical kind of turning point. There is also a 50 FIB level just below 80 calculated from turning point of downtrend in July and 200 EMA is sitting just above so seems like lots of support. I'm watching it just to see how the price action plays out.
Again thanks for the welcome. Learning so much from this free thread. Hoping to sort out a membership for the PF in the next couple of weeks once the Christmas bills are out of the road.
cheers
hally
Learning for Earning and Trading for Freedom