Hi Folks
The chart below posted on the 7th seems to be playing out as expected. With no real news surfacing until mid too late September a pull back before the news surfaces seems to be on the cards. On both my charts I have the 23.6-38.2% FIB retracements marked which after a rise from 33 to 78.5 these retraces are fairly standard.
The rate of growth of the 10WMA will start to decline (already started to happen) and expect that in 4-6 weeks it will eventually flatten. This is where I would not be surprised if the weekly hi-lo candles cut into the 10WMA. Again fairly normal chart behaviour. Somewhere in the region close to around 60 and the 38.2% retracement FIB
I have included a second update chart for this weeks action.
We shall see? DYOR
cheers Lies
SMN - Chart, page-3391
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