It's narrowing down into the 10 200sma/ema, so this is going to be the initial support. Yesterday we had plenty of room to fall down to it from the highs, but today there is no room, which means that it can break to the downside. On the upside, the fib levels 61.8 and 76.4 are at 361 and 372 respectively, so we could get a bump up to one of those before it comes back down. Higher than that we're looking at a double top, but my own TA tells me 76.4 has a strong chance of capping the price, though of course prelim GDP can change all that. Support for the downside if the 10m 200ema does break is the 30m 100sma running up currently at 206, with the 50% fib right on top of it. Lower than that, and pivot level S2 is a possibility at 142,340, which is just above the H1 100sma.
- Post #23,981
- Quote
- Apr 28, 2017 1:58am Apr 28, 2017 1:58am
- Joined Oct 2010 | Status: Member | 5,441 Posts
- Post #23,983
- Quote
- Apr 28, 2017 2:36am Apr 28, 2017 2:36am
- Joined Dec 2011 | Status: StealingPips | 1,269 Posts
- Post #23,985
- Quote
- Apr 28, 2017 3:15am Apr 28, 2017 3:15am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
- Post #23,986
- Quote
- Apr 28, 2017 3:26am Apr 28, 2017 3:26am
- | Joined Mar 2017 | Status: Member | 27 Posts
- Post #23,987
- Quote
- Apr 28, 2017 3:34am Apr 28, 2017 3:34am
- Joined Oct 2010 | Status: Member | 5,441 Posts
- Post #23,988
- Quote
- Apr 28, 2017 3:43am Apr 28, 2017 3:43am
- Joined Nov 2009 | Status: Member | 2,756 Posts
Exits == most important part of your strategy
- Post #23,989
- Quote
- Apr 28, 2017 4:05am Apr 28, 2017 4:05am
- Joined Dec 2007 | Status: Informed | 1,641 Posts
- Post #23,991
- Quote
- Apr 28, 2017 4:15am Apr 28, 2017 4:15am
- Joined Nov 2009 | Status: Member | 2,756 Posts
Exits == most important part of your strategy
- Post #23,992
- Quote
- Apr 28, 2017 4:52am Apr 28, 2017 4:52am
- Joined Oct 2010 | Status: Member | 5,441 Posts
- Post #23,993
- Quote
- Apr 28, 2017 5:16am Apr 28, 2017 5:16am
- | Joined Nov 2009 | Status: Member | 2,582 Posts
- Post #23,994
- Quote
- Apr 28, 2017 5:29am Apr 28, 2017 5:29am
We don't trade against the market ,we trade against discipline.
- Post #23,995
- Quote
- Apr 28, 2017 5:34am Apr 28, 2017 5:34am
- Joined Dec 2011 | Status: StealingPips | 1,269 Posts
- Post #23,996
- Quote
- Apr 28, 2017 5:37am Apr 28, 2017 5:37am
- Joined Dec 2011 | Status: StealingPips | 1,269 Posts
- Post #23,998
- Quote
- Apr 28, 2017 8:10am Apr 28, 2017 8:10am
- Joined Nov 2009 | Status: Member | 2,756 Posts
Exits == most important part of your strategy
- Post #23,999
- Quote
- Apr 28, 2017 12:58pm Apr 28, 2017 12:58pm
We don't trade against the market ,we trade against discipline.
- Post #24,000
- Quote
- May 1, 2017 4:26am May 1, 2017 4:26am
- Joined Dec 2007 | Status: Informed | 1,641 Posts