So that spike yesterday and downturn was (as I've been reading here and there) was a reaction to a down turn in the Nikkei because of the JPY consumer tax hike. HOLDING LONG due to the following:
1) Still above the LT trend line
2) Price has not dipped below the last CCI LONG signal
3) RSI (outside of that jump&dive yesterday) still signals Bull Trend
4) Again, I follow Danske Bank. They're still holding LONG looking for 173.15 with a STOP at 169.5
Whoa, there was a jump as I've been typing this...
So, yes, we've this pattern before right before the last rise...
1) Still above the LT trend line
2) Price has not dipped below the last CCI LONG signal
3) RSI (outside of that jump&dive yesterday) still signals Bull Trend
4) Again, I follow Danske Bank. They're still holding LONG looking for 173.15 with a STOP at 169.5
Whoa, there was a jump as I've been typing this...
So, yes, we've this pattern before right before the last rise...