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This is the last chart we did here, and proof that stops are worth it, thank goodness i put the red note on the chart LOL
Note also the intersection the stochastic's
And thats what happened
The monthly now is at bottom on trend line and needs to hold it otherwsie its going lower. The weekly is still a sell and the daily is buy. Personally im in no rush to jump in yet and will probably go for the first higher swing bottom. As that way i have the lower low as a support ??
The daily and weekly speed angles suggest 285 ish so from here thats a 7.6% risk if it holds and it probably will. If i was keen to add right now then i would probably only dip the toes in and wait for the above HSB as suggested.
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Peter Batten, MD
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