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vudragon · 23-11-2004, 16:37

Edit: 8671 ~2:30pm
I am seeing a Bearish Divergence on my 4hr chart on my Stoch Momentum and TSI indicators... if cable can't rally to 8760 to fix this divegence sometime soon, then there is a good chance that it may drop down to 8624 as a minimum once momentum takes a hold of it due to the divergence. My other indicators also telling me to take profit on longs bf it is too late as well.

My Long entries have been moved down. ..and will be holding my shorts prob until around 8600. If this is tested, then I expect some kind of bounce off of it.

..not trying to sway ya or anything.. ..rather it test 8760 so that I can build up more shorts for the ride down

Edit: 8686 ~4:30pm
The move from 8726 to 8661 was 65pips. If cable drops from where it just bounced off of (8693) a total of 65 pips, then expect it to finish this abc corrective at approx 8628.

23-11-2004, 16:37	#5 (permalink)
vudragon level 3 Join Date: Oct 2004 Posts: 258 Rep Power: 0	Take profit on Longs bf it is too late Edit: 8671 ~2:30pm I am seeing a Bearish Divergence on my 4hr chart on my Stoch Momentum and TSI indicators... if cable can't rally to 8760 to fix this divegence sometime soon, then there is a good chance that it may drop down to 8624 as a minimum once momentum takes a hold of it due to the divergence. My other indicators also telling me to take profit on longs bf it is too late as well. My Long entries have been moved down. ..and will be holding my shorts prob until around 8600. If this is tested, then I expect some kind of bounce off of it. ..not trying to sway ya or anything.. ..rather it test 8760 so that I can build up more shorts for the ride down Edit: 8686 ~4:30pm The move from 8726 to 8661 was 65pips. If cable drops from where it just bounced off of (8693) a total of 65 pips, then expect it to finish this abc corrective at approx 8628. Last edited by vudragon; 23-11-2004 at 18:31.