@silmaril0875, Its a Murrey Math signal. 7/8ths line - yellow reverse ( 13591 ) that is bought late - past the blue 4/8ths line ( 13128) , then rallys to fail to make new high - stalling below the 7/8ths line. ( 13591 )
If you not familiar with Murrey Math it will all be mumbo jumbo.
Urbanmove
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@silmaril0875, that signal was just negated with the new high. But still may produce resistance all along that same line - choppy trading, with late selling.
maybeyes
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nope...
Urbanmove
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All so if you are familiar with Elliotwave that last wave was a clear 5 ways up, and then was followed by a 3 wave retrace, so not a long term correction signal.
Hence the buy at $12,500. Another Murrey Math major support line.
Urbanmove
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Its a Murrey Math signal. 7/8ths line - yellow reverse ( 13591 ) that is bought late - past the blue 4/8ths line ( 13128) , then rallys to fail to make new high - stalling below the 7/8ths line. ( 13591 )
If you not familiar with Murrey Math it will all be mumbo jumbo.
Brisben
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What's the signal? is it the reversal? What other indicators are you using?
Urbanmove
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@Brisben, Its a Murrey Math signal. 7/8ths line - yellow reverse ( 13591 ) that is bought late - past the blue 4/8ths line ( 13128) , then rallys to fail to make new high - stalling below the 7/8ths line. ( 13591 )
If you not familiar with Murrey Math it will all be mumbo jumbo.
Brisben
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@Urbanmove, Got that right. But all I care about is results. I'll be interested to see. Thanks for your views :)
Urbanmove
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@Brisben, that signal was just negated with the new high. But still may produce resistance all along that same lin - choppy trading, with late selling.