This is the fine detail of price just before the USA opens at 1430 eurotime (GMT/BST+1). Price has held at the first RL of the down sloping fork and has crept down another RL ( aqua blue) and could now rally but i would not trust this move one bit yet. Sure we had regular divergence in several TFs in Macd, RSI and Stochastics but unless price now makes a serious effort to rally back towards our circled zone we could see a nice rally and then a jaw dropping fall. However price does have one thing it its favour....it never reached ( yet) the CL of the D-Sloping fork so could reverse.
Tuesday, 22 June 2010
Euro$ is it all over?...continued
This is the fine detail of price just before the USA opens at 1430 eurotime (GMT/BST+1). Price has held at the first RL of the down sloping fork and has crept down another RL ( aqua blue) and could now rally but i would not trust this move one bit yet. Sure we had regular divergence in several TFs in Macd, RSI and Stochastics but unless price now makes a serious effort to rally back towards our circled zone we could see a nice rally and then a jaw dropping fall. However price does have one thing it its favour....it never reached ( yet) the CL of the D-Sloping fork so could reverse.
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