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TA Charting Thread, page-368

  1. TTrader
    1,010 Posts.
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    19/03/19
    07:23
    Post #: 37804630
    always happy to respond to questions @rick64, what is the previous bar you're referring to?

    My interpretation is that sellers are still in control because price closed way off its high. For now, I'm expecting consolidation to set in, possibly more inside bars enclosed within Friday's candle. A high probability is for a bit of a drawn out, complex congestion at the 50% to 61.8% retracement levels to unfold, before the rally resumes IMO.
    Last edited by TTrader: 19/03/19
    CDX Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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