Summer Morning Traders Dec 20, page-201

  1. 1,019 Posts.
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    @locieocie

    Well if we use the calculation of the ATR

    Yesterdays close of 0.040 - (ATR x2 which = 0.0078) which = 0.032
    S0 0.040 - 0.0078= 0.032

    According to the below chart the indicators are still bullish but starting to turn so it indeed may retrace a little further 0.032 or 0.033 and bounce from there!


    Of course in the stock market nothing is certain and I could be entirely wrong


    NAE 20161220.png
 
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