Charting the Road with Median Lines
Thanks for Update MAMYes 5337 and 5297 is 50% and 61% retra of 5170 to 5500. below that new low.Tomorrows JNSAR also at 5350.SAR trading will be very tough tomorrow.
As I trade based on PIVOTS, my thinking is that 5295 should come.......reasoning.....(i) it is the 61.8% retracement of the current upmove ( 5171 - 5499)(ii) weekly pivot @ 5295(iii) tomorrow's S2 @ 5301........ it is just my observation,+My pivot moving average also giving a sell signal
Thanks for Update MAM
ReplyDeleteYes 5337 and 5297 is 50% and 61% retra of 5170 to 5500. below that new low.
Tomorrows JNSAR also at 5350.
SAR trading will be very tough tomorrow.
As I trade based on PIVOTS, my thinking is that 5295 should come.......
ReplyDeletereasoning.....
(i) it is the 61.8% retracement of the current upmove ( 5171 - 5499)
(ii) weekly pivot @ 5295
(iii) tomorrow's S2 @ 5301........ it is just my observation,
+
My pivot moving average also giving a sell signal