ASM Chart Thread, page-9245

Good morning,
Market to open + 12 on Monday
Support for Monday is sitting at 1.815,
if it fails then her 50 ema is sitting at 1.666
Well what a day yesterday, she nearly took our top target..
great job.
So her most important job on Monday is to takeout the 198 and close above eod.
over that we will be looking for 202 , followed by 216, and at 216 the gap fill of 214,
will be done and dusted.
But be aware, straight up is not always a good thing, as price has some responsibilities,
regarding her ema's, as price cannot be to far away from them, atm they are just starting to climb, once this gets established ,then they have to get in there right positions, when the price is trending up, the 13 ema has to be the closest in price followed by 21, 34 etc
atm her 13 is sitting at 1.58..
When price does get to far away from her ema's, price has two options, it can put itself in a Darvas Box and go sideways and wait for price to catch up, or the other option is for price to go down and get them.. which is always the quickest way..
I am telling you this, as it is important if you are in the market, that you know these things.
as preservation of your wealth is no 1 on the agenda.
Have a great weekend and take care
chart below
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