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jpartner or mr enigma
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jpartner
Posted 12/14/2015 19:56 (#4959910 - in reply to #4959639)
Subject: RE: jpartner or mr enigma


Assuming you are looking for support lines, the prevalent frequency on the chart is pretty obvious, and had been calling the tune perfectly.  Since every action has  a reaction, ultimately, price should reach the lower black line.  It may go directly there but I would instead expect price recharges itself with a pullback first.

Backing up the idea that if a short term pivot wasn't found today, it's likely close is that price matched the previous attempts stretch away from the ML.

 

Take Care



Edited by jpartner 12/14/2015 19:57
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