As I discuss price is quite extended in the short term, on the 2
hr charts, price is quite extended above its 9 EMA, the best for
the 'bulls' would be for the market to have a small consolidation
here pulling back to the 9 EMA, and holding the broken trendlines
on the daily charts. Too much of a retrace of today's news
induced gap would cause suspect with today's move
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As I discuss price is
Should we gap down tomorrow...
Posted by matt on 24th of Apr 2017 at 07:58 pm
As I discuss price is quite extended in the short term, on the 2 hr charts, price is quite extended above its 9 EMA, the best for the 'bulls' would be for the market to have a small consolidation here pulling back to the 9 EMA, and holding the broken trendlines on the daily charts. Too much of a retrace of today's news induced gap would cause suspect with today's move