:: actio-et-reactio ::
amg's market charts and blather
My favored scenario has been a pullback to the 34ma under a Positive RSI Reversal condition. With today's last 60m bar closing positive on mild pullback, such a condition is possible IF Monday is positive. Having said that, a rebound might then create a double top. Since we're talking potential, how a Negative Divergence on that rebound? That might make a good setup for a tradeable correction , which is simply a scarier pullback.
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moon phases |
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
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