Long
CR Long - Nice rounded bottom
Updated
Huge consolidation at all time lows has developed a lovely looking bottom. In fact its irresistible. Watching here to see what happens next. Weekly MA's are flipping, we could see a strong move.
Note
Entering here would provide poor R&R at 1:2. I will wait to see if we make it above this lower 236. It reacted to the previous high on the way up therefore they should not be ignored. Note
Missed the entry at what i had marked at the 236 today. Looked at why, I was expecting more, moved Fibs and now much more apparent that i had them set wron. See below. Note
The reaction at the new 236 says it all.Note
This also makes sense as we went into unchartered territory beneath previous prices. Note
However tempting all this green looks id b expecting a deep pull back here as were as the 50% retrace. Will watch but no entries planned now.
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