We did find support and a solid bottom at the areas of confluence (as per this weeks earlier posts). So where are we now heading at the close of the week on Friday 26 feb 2010?In this short term 60min chart we see the last fews days price action but we have for the moment run out of energy on the red UMLP and i am not 100% sure if we have touched the blue centre line so may expect a retracement HOWEVER the formation of the bottom wave looks very encouraging plus the 61.8% Fib level makes me think we are now due a rally of some time perhaps even uptowards 1.4500 levels.
SHORT TERM 60 mins
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment