Here we have the kellogg stock, as you can see it has been on a down trend for a while and then on the 4th of October you can see where it it flat $67.00 which we fill could be due to the NFP outcome.
Comment below if you agree disagree,
GBPJPY appears to have traced out the final 5th impulse wave identifying wave (i) of (3) as shown. This implies that current move should see further downside till about 145 zone which is strong support. A rally from there would not be surprising as the bigger structure being studied suggests a further appearance of strong ...
On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
Monthly EMA's still showing to be bullish as well as the general uptrend.
Price decelerating near support @960.
- Visibly oscillating
- Pull-back phase of general trend
- Price at S/R level