12.4.17 | STI | Day | Andrew Aponas
Updated
Journal Entry: Real quick I have created the targets on the screen using different Fibonacci retracement plots ending the 0% line at each of the signaled values represented as an orange line with a blue target. There has been two anomalies over the past trading sessions and the last trading session ended as a hammering long legged Doji. Possibly a sign that price has the pressure to continue a move bullish. I did check my ATR value which is extremely high making a move in any direction unlikely. A short pause in the rally is what I am speculating, overall I think as soon as price closes outside the Fib Arc it will have enough support to start moving bullish again. Although with the news over the weekend financials may open to rally. Thank You, God Bless.
Indicators:
MACD I have two indicators showing, one sped up and one at default settings to track along with the rally. I think it is likely that price will continue bullish, the slower MACD looks like it just broke out of a down trend and is now beginning to move bullish. A continuation above the pivot point I think will confirm the bullishness in the indicator.
Indicators:
MACD I have two indicators showing, one sped up and one at default settings to track along with the rally. I think it is likely that price will continue bullish, the slower MACD looks like it just broke out of a down trend and is now beginning to move bullish. A continuation above the pivot point I think will confirm the bullishness in the indicator.
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