Similarities and Speculation

Updated

You never know....

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Well, I don't want to say I've nailed it to the pip so far....but..... ;) let's see if it turns now.

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Well if the pattern's going to hold, we go north from here. My target is 9,800 (not just above 10 as the image shows - clumsy fingers on drawing). Good luck.

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Revised target of 9500, on or about 27th March. Quicker ascent, higher target, slower ascent, shorter target - target being the long term down trend joining 17/12 and 05/03

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Well nice while it lasted, At 8311 now and I'd say any further south and it invalidates our set-up. Shame because I wanted to live in a perfect world. ;)

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All running to plan - moment of truth is around 8845. We are looking for a breakthrough of the upper orange dashed line, then a retest to make sure we are sitting comfortably. If this succeeds then I think we are on our way to target. If it fails, then oh well, we got this far so we were on to something, now on to the next one:) Good luck.

Trade closed manually

OK so we had a good run with the pattern but now invalid. Heavy resistance above on the line that intersects the cyphers. Think we may need to come down to gain some momentum.

steve.elliott

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