Tuesday, 3 September 2013

Emini S&P..continued

Still seeing resistance from at least two important Reaction Lines. Remember that the distribuition around a line is rarely perfect and you can see the effect of long term/high time frame RL's above. The current centre line objective from the black upsloping fork lies today at 1655.
Note the change in location of the red reaction line in the 30 min chart. These lines are drawn using the MT4 automatic custom pitchfork indicator and thus cannot be moved but you must understand the subject of line location to know where the "reaction" effect (support/resistance) will be seen.

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