here is a chart from Mike Breaux's website http://spwavetrade.blogspot.com/
The 21,34 emas have crossed bullish so the mechanical trade is to look for a pullback to buy.However the speculation is that we may have a similar situation to 2007 (Mikes red box) .Worth keeping an eye on price action wrt these ema's over the next few days.
The 21,34 emas have crossed bullish so the mechanical trade is to look for a pullback to buy.However the speculation is that we may have a similar situation to 2007 (Mikes red box) .Worth keeping an eye on price action wrt these ema's over the next few days.
here is my chart with a possible channel and 5 dema added.We need to break the 5 dema as initial sign at least that a turn may be starting.Friday's candle was a doji,which often marks a top.Elliott wave people are mostly calling for one more push to around 1306
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