Saturday, October 4, 2014
Wednesday, October 1, 2014
During a corrective phase, initiate your trades close to either resistances or supports, if not....none.
BN is on a "bounce mode" from 15168..and it continues till breaks below "it"
There were resistances @ 50 dsma-15595-15607, followed by week pivot @ 15683 & 50.0% retrace @ 15720 and so on...
As long as a trade is initiated at or close to key resistances or supports, managing them would be fairly easy..
And the trade initiated at or close to resistances would have been quite rewarding.
Weekly trend is down and this being a truncated week, 3 days action was packed into one single day...yesterday..
WLEma - is the one key number today...
There were resistances @ 50 dsma-15595-15607, followed by week pivot @ 15683 & 50.0% retrace @ 15720 and so on...
As long as a trade is initiated at or close to key resistances or supports, managing them would be fairly easy..
And the trade initiated at or close to resistances would have been quite rewarding.
Weekly trend is down and this being a truncated week, 3 days action was packed into one single day...yesterday..
WLEma - is the one key number today...
Tuesday, September 30, 2014
The larger 4th wave correction is unfolding...
BN is on a "bounce mode" from 15168..
There are resistances @ 50 dsma-15595-15607, followed by week pivot @ 15683 & 50.0% retrace @ 15720 and so on...
Weekly trend has turned down and this being a truncated week, 3 days action will be packed into one single day...today..
As long as a trade is initiated at or close to key resistances or supports, managing them would be fairly easy..
There are resistances @ 50 dsma-15595-15607, followed by week pivot @ 15683 & 50.0% retrace @ 15720 and so on...
Weekly trend has turned down and this being a truncated week, 3 days action will be packed into one single day...today..
As long as a trade is initiated at or close to key resistances or supports, managing them would be fairly easy..
Monday, September 29, 2014
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