Feb 3, 2015


It looks like a reversal near the MA200 and new swing higher has begun. It is neither the triangle nor the 1-2 day move lower... it has lasted only half a day lower to 1980, but this does not change the idea - short term bottom and 20 week cycle low.
Move higher from 20 week low should last at least 2-3 weeks. Now it is time for short term long trades and we watch how the move will look like and how high it will move. With the early reversal from higher level it is even higher high possible.

No comments:

Post a Comment