Here's the visual representation to follow todays analysis. Price halted at three major zones. The support from the previous low on the 11th, the 23.60% Fib and the downward trend line. Today also gave us a possible Doji Star candle formation.
I'll be looking for confirmation tomorrow to take a position. Sometimes it's better to step in front of the herd under certain circumstances. I always feel for the sake of a few pips/cents you're always better off with confirmation. So on receiving that confirmation I'll be taking a position tomorrow.
I still would like to see that bottom gap filled. As a trader I can't ignore the signals and at present this is giving some nice ones. Don't get me wrong I'm not looking at anything bar a day trade presently. If it gives more I'll be happy to take it. If the signals are voided then I'll look for a position once the bottom is hit.
Happy to see you doing well Dazzaa, all the best to you and thank you.
NWE Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
