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No matter how you look at it, the trend is still up. However, the daily candlestick/close is ugly all day. Last time we'd a corrective move down of ~-3,5% after similar close, although not identical. Just saying..
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US Dollar silver at support, consolidating before possible up leg
Open today is a big ?; opened higher followed by 3 big 1H red candles, although Macron won the French elections. EUR seems to still want higher prices, therefore guessing on a test of ~1,1040-ish. The blue & red arrows are veeery much speculative right now, although more or less based on the fact that statistically EUR should put in a red day as soon as...
Could be a tricky day with the French elections incoming Sunday. However, this best guesstimate for now.
Someone asked.. ..and this is my best guess; at resistance and guessing on a smallish pullback
Price action guesstimate for today 4.5.2017. Heads up if green support line is broken => primary plan void!
The short term (~1week) "evil plan" with higher high that is sold off..
DAX 1H is beginning to smell like a turn around, target low 12400 tomorrow.
Primary plan to test the lower point of the current trading range
..that is quite likely to break to the down side..
No to little action on bullish volume, smells doooown..
SPY hasn't put in a red bar for a while and although this is quite rare, it is not a new record. Since 2009, longest bull run before a pullback was 14 bars and we're now clocking in at 11 bars. That is, "upside is limited" but we might have to check mid 247 -ish before we get a pullback.