Yesterday's move back toward the 4hr ema was very short-lived and eventually resistance proved too strong.
With the re-crossover of the red/blue around the PP, putting all the average in correct sell formation of green below red, red below blue and blue below purple there was only one direction this could go.
Unfortunately for me it was not within my working day. A couple of decent looking sell opportunities did present themselves later as highlighted.
This morning looks very similar to Monday morning. A crossover of the green and red with price heading back up.
Just green and red cross is not enough for me but some riskier trader might consider a short term buy to the PP and blue average at 9.760
for me, I prefer to wait. Allow the price to get to that level, then I want to see it fall back below the green/red before selling with the trend
Just for the record, having had a couple of boring days trading, I decided to have a little go on the Gold yesterday. For anyone who trades Gold then $1300 is a big level. I think next week after a pullback Gold will smash up though $1300.
If that happens we're likely to a continuation south of the stocks and Gold going to $2000 in a matter of months.
Just some mindless information I thought you may find useful.
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