Well its Friday, coming to the end of the day. So there is going to be a big send off before a drop. The bulls have been challenging all day and the bears have been trapping. I propose a rise before a drop back to retest the Volume Low perhaps on Sunday.
Comment:
Looking for divergences using the VuManChu Cipher B + Divergences indicator. On the lower timeframes since the day is ending. If I had trusted my instincts I would be in a Buy currently but I felt it was short lived. In a down trending market with too much uncertainty I am a bear until I am not. Current BuyStop set for 34500 for the last 10 minute closing fight.
Order cancelled:
The move just happened... deleted BuyStop. Pulling Fibs from main drop from last week. Eyeing up a long target for 35552 to put my current hedge in in profit. This would be my first long term held hedge to avoid loss.
Pulled 2x Fixed Range Volume Profile for last week and this week to determine range for next week.
Pulled 2x Fixed Range Volume Profile for last week and this week to determine range for next week.