fiery friday, page-132

Voltaire - Don't want to be a devil's advocate but as usual in trading there is another opinion >>>> Monthly XAO with 200 EMA, stochastics, currently at the 3/8 retracement and candlesticks. The monthly candle and 3/8 retracement indicate that any downward move might stall around here - for a while anyway. Is lons also a possibility of a long from here? Certainly is if it does not break the 3/8 retracement. As you stated not 100% and make sure you use confirmation. Could go either way, but on the balance of probabilities it looks like it is in a downward trend