US Note: Rebounds at 24% extension
US Note: Breakout limited by Fibonacci extension
US Note: Testing extensions, weekly trend continues
US Note: Limited Potential and Trendless on Dailies
The ADX reading is neutral after giving up on the preceding bearish move. Prices are stalling near the 10-day average, although only one day has been Continue reading “US Note: Limited Potential and Trendless on Dailies”
US Note: Dailies remain trendless while 10-day average limits upside
US Note: Bears Unlikely to Build New Push Lower
The ADX trend has been eliminated, making a new strong bearish push unlikely. However, if a new low occurs the reaction to the 124% extension of Continue reading “US Note: Bears Unlikely to Build New Push Lower”