Wednesday, 21 November 2012

ES + YM..going lower but serious support here ...continued..continued

 As per recent posts the support seen  form the fork below ( and shown in previous posts) seen here with its RL's has provided a base for a decent pivot. The question is where will we run out of energy- if at all? If we do not break higher up to the 1390's to 1400 level we will be going lower and back to test the 1340's again and my bias is just this scenario so I am actively scanning the market for short entry areas using RL/ML's supp/res.
Heres another fork below using my 'FNL' system.
 arithmetic scaling
 Log scaling

and here is the full picture!!:

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