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28/05/16
11:06
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Originally posted by wombat53
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It hit below 1210 (where did this figure come from?)...Hit 1206.65 ...... would have taken out all the stops....1208 was my first level target. Was not a strong bounce...need confirmation. Monday a US Federal Holiday...maybe London will give insight. Asian trading session typically of limited significance.
Personally I'd wait to see if this is what's called an "order block" - the bearish candle before the move up (the confirmation).
Unable to upload Chart with my usual product....despite re-installation ("lightship")
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Note: we now have a new Weekly chart and associated candle.
It's not a bullish chart.
I reckon anyone who jumps in on Monday without confirmation....is doing so at own risk...