Alright traders - I would like for every one bring up your Daily chart and recognize the power of the Paradox: What you have is a situation that is very dangerous, as Shaun had said. You have ROMAR going through downtown central (center) as resistance; and EMA also resistance, with the 4 Horsemen in the uptrend. What makes this dangerous is with EMA being resistance and Purple being support. Until EMA crosses Purple the situation will remain the same.
Now lets say something happened in the world that shoots this market down. What do you think will happen? I'll tell you what would happen. The Daily Purple will follow the market which will place EMA in the position of being a slider over Purple and remain as RESISTANCE. This is one reason you never, ever anticipate ANY CROSSING. This situation is on the Daily BAR and anything can happen in a 24 hour period. I for one will never risk my money on a possibility. Do not ever underestimate the Power of the Paradox. If you do - you will be burnt. So far both Support and Resistance is showing the incredible power of the paradox with both (support and resistance) holding this market from a breakout. Until some type of volatility builds for a breakout - we must remain patient.
Now lets say something happened in the world that shoots this market down. What do you think will happen? I'll tell you what would happen. The Daily Purple will follow the market which will place EMA in the position of being a slider over Purple and remain as RESISTANCE. This is one reason you never, ever anticipate ANY CROSSING. This situation is on the Daily BAR and anything can happen in a 24 hour period. I for one will never risk my money on a possibility. Do not ever underestimate the Power of the Paradox. If you do - you will be burnt. So far both Support and Resistance is showing the incredible power of the paradox with both (support and resistance) holding this market from a breakout. Until some type of volatility builds for a breakout - we must remain patient.
The Dove - Forex Trainer
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