...and this morning the corrective abc pattern seems to be unfolding, which tends to suggest we'll see higher prices in the coming sessions, my final short for the position will be at last week's key supply level (the red horizontal line area).
Tuesday 28 June 2011
...building a short position
This first chart taken yesterday shows my thinking on the hrly wave structure of yesterday's price action at that point, i was anticipating wave 5 completion and set an order around that level...
...and this morning the corrective abc pattern seems to be unfolding, which tends to suggest we'll see higher prices in the coming sessions, my final short for the position will be at last week's key supply level (the red horizontal line area).
...and this morning the corrective abc pattern seems to be unfolding, which tends to suggest we'll see higher prices in the coming sessions, my final short for the position will be at last week's key supply level (the red horizontal line area).
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