I suppose i should explain a little of the cautious warning prior to close, not that im too worried but I do like price patterns to be confirmed prior to action. This is the XJO chart which clearly shows the latest swing bottom which was confirmed today and initial entry normal at the break of the previous day's high. So why i waited was because if it turned the other way here then it would also confirm a lower swing top and a break of Monday's low would confirm a short entry. Its interesting though on the chart that the ABC set up is now one of the first i have showing a number close to the 5038 i have mentioned for awhile. First things first though lets clear the high and then break through the 50% danger area.
Anyway just a bit of food for thought on general directions
Regards Rob
2nd chart is a very similar price pattern occurring again too ??
