For those of you who have followed my suggestions, it has been very rewarding. We have a new scenario which have some quite perplexed, however I believe it's one that you'll find rewarding. We have been struggling to break out the the grey area since the daily close on Friday which produced a bear flag
, which freaked a few traders out (including me), however I don't believe it is valid. I later posted and bullish
scenario in which a pennant
formed on a line chart. I believe the 21 SMA
will hold price (if not the 34 is right behind it). The Last Quarter Moon is official Jan 8 at 4:26 CST (I use Central Time because CME CBOE
are Central) The Asian market is around 9 hours ahead of us and often a day ahead of the US.
Place a Limit Order at the 21 SMA
or bottom of the support line, if you use stops Place at 15,488 according to your own risk level. Take profit at upper trend line
or the previous high.
This post is for educational purposes only, not financial advice.
Please "like" my charts if you appreciate my work. Good Trading.