Was there some news?
Let’s hope for the best.
Hourly chart a couple hours after the news hit looks bottomy. It faces resistance at 3340-45, but the target should be at least the upper downtrend line around 3355-60, depending on how long it takes to get back there. Once NY traders start to hit their keyboards around 6:30 AM in NY, we should have a better idea.
Interesting perspective on the 2 hour bars.
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I’ll be on the road today. Heading from Zagreb back to Zadar. Should be back at my screen at about noon time in US ET.
Ciao!
The latest from Liqudity Trader.
The outlook for the most of the rest of October is bullish. But it’s not an endless bull any more.
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Here’s the weekly technical outlook from Monday.
An up day on Monday would confirm that the short term downtrend is broken. This report gives you the key support and resistance levels, and what to expect if they’re broken. I’ve added 8 chart picks, 5 longs and 3 shorts, to take advantage of a move either way.
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