Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
Apr 8, 2014
Update
Support and MA50 on the daily chart reached.... now it is time for the bounce for a day or two which I wrote about.
MA50 and 50% Fibo retracement to around 1865 +-several points looks like the logical target.
I think that the correction is not over and that was leg one(A) now bounce higher and one more leg lower. NDX looks a little bit better with positive histogram and stochastic divergences on the daily chart... move above 4200 and I am wrong.
Great stuff Krasi! Always appreciate your thoughtful analysis. Has the NDX finished its decline from yesterday or was that wave A?
ReplyDeleteI think that the correction is not over and that was leg one(A) now bounce higher and one more leg lower.
DeleteNDX looks a little bit better with positive histogram and stochastic divergences on the daily chart... move above 4200 and I am wrong.