Pizpie

Pizpie

Chart still following from yesterday as it did not smash through my 50%, but the first band of resistance remains strong at 338-340. Volume is sort of drained off still from that rally last night, so I think we'll need to see a little more volume before any major movement happens. Next resistance zone would be 352-354 Watching that micro trend line, should see...

Pizpie

As predicted, very strong resistance at the 328-330 range, shorted for great profits. I'm looking at the 61.8% fib line as a crucial indicator of where we are headed. We've had 3 attempts at it now, and if we don't bounce, we are most likely going to see a test of the 50% fib line. I've been playing this channel for scalping, but think we will have a major...

Pizpie

Been bouncing off the support / resistance lines in the micro bull trend channel that I've been using. We are in a downwards channel right now, but if it breaks through, then I would say we have resumed to test 335-340. Watching fib lines closely. I thought 324-328 would be the first hard resistance, and so far that is playing out. Low volume right now, so will...

Pizpie

Watching the fib levels closely, you can see a distinct pattern of supports at key fib levels, and also following the resistance line perfectly. Looking to short around 322-324, if that does happen to break though, then I could see 335-340. Overall, still well within the long term bear trend with an outlook below 300, bouncing off 275-287

Pizpie

Still in a long term bearish trend, but for the past couple days, we have seen upwards movement. Resistance at the 2000-2010 levels should be tested, but watch out for the double top.

Pizpie

Public TA, Short, following this channel.