XJO 0.84% 8,295.1 s&p/asx 200

I have been playing using the 1h and the 41ema and 41simple as a...

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    I have been playing using the 1h and the 41ema and 41simple as a potential trigger. I chose the simple because it smoothened out some fluctuations in colour changes. It turned red and trade entered at 4047 on the second candle (confirmation). Coupled with overbought momentum indicators rolling and price divergence it all seemed to fit.
    My targets are support lines (dotted and dashed red lines). My nervousness is that we are hitting the upper band of the pitchfork having bounced off the lower (was hoping to break it on the down). Bounced back down after hitting top pitchfork line and also fib 38.20% so looks ok at the moment.(fingers crossed as I am off to the gym and will be flying blind for a few hours so if a major up move starts I would appreciate someone phoning Nth Korea and asking to launch a rocket)


 
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