Well been a slow weekend after the drops at the end of the week... that last little squeeze up with pretty weak and I think we will follow that yellow line down and hopefully reach some what of a bottom to maybe have a bounce at 57ish. I put that other line on there but I doubt it has any chance...
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The 1hr Aroon still shows -50 so we may still go down a little further.. 4hr shows -100
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Made it to that purple line I have drawn much quicker than I had thought... we may actually go further down to the bottom of that wedge and bounce around 54-53ish (later of course I wouldn't think this weekend). Just gotta keep an eye on if we are rejected when we get close to the edge of the wedge.
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Well this def changes some things for a few days... we broke out of this short term downtrend wedge and we might test that downtrend channel wall again. I still don't feel good about us breaking through it but hey its a nice time to make alittle profit this week.
Anyways I didn't expect a spike that hard up but the Aroon bottomed out last night on the 4 hour chart and last hour it bottomed out which this nice bounce started min's after...
Watch 6.3k & 6.5k and see if we get rejected there...
Anyways I didn't expect a spike that hard up but the Aroon bottomed out last night on the 4 hour chart and last hour it bottomed out which this nice bounce started min's after...
Watch 6.3k & 6.5k and see if we get rejected there...
An it followed that yellow line perfectly... the Aroon has bottomed out also. So we may see a little spike up and some sideways action before our next drop down..