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Short Term Trading Weekend Lounge: 5 - 7th August, page-342

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thecroc101

2,129 Posts.

3

07/08/16

23:06

Post #: 18464585
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Originally posted by nambo1 ↑

Is this what you were referring to in your original post? The yellow fork instead of the pink one? This will not have the same angle as the pink fork as you can see. This yellow fork is also still valid but the reason I used the pink one in preference is that the pink median is only overshot slightly on the long green candle and the lower pink tyne is supporting the price action currently. The yellow fork has not become "hot" yet. View attachment 216514

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Hi Nambo

yep that's the one - have to go with the lowest low before a material correction - IMHO

the break through the middle is a good sign - for holders - IMHO

cheers bud - hope you make a squillion in the jungle
1 Upvote

0 Great analysis

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