GM - and here's where I have old S&R areas...little news until the US Retail Sales at 12:30 gmt
Trading Levels with WRBs
DAX, Nikkei 225 and Dow Jones only 11 replies
CFD DAX & DOW and more 17 replies
Carpe Diem: Nikkei 225 14 replies
finding good trades with Nasdaq, dow, spx, and dax 43 replies
DislikedHonouring the 7sma on 1m, looks like we are heading to 9980, 200sma on 1m. If its a bearish day, it should touch 9980 and head back down again... {image}Ignored
DislikedI have absolutely no idea which way the London lads are going to take this at the open, and I doubt whether they do this morning either. I have a line of temporary support around 9940 but they can push straight through that, but we still have the hourly 200sma beneath at 9932. Will they drive it back up a bit and then sell? Good luck all!Ignored
Disliked{quote} Yeah, I saw MACD and RSI looked prime for a buy at the BRN @ 9900... Given it was way below the 200sma on 1m, looked like it may make a dash for it.Ignored
Disliked1H chart, sitting on 200sma, but has failed to break 7sma on the upside. I can see this going to at least 50% Fib - 9747 by 20-21 Oct. You can see the broken up trend-line from 12 Oct. Also, the bottom of the long term down trend channel appears in bottom left corner just below 9500, this could also be a target by 20-21 Oct. If we break this channel again, then likely new lows. {image}Ignored