Can price fall into a buy zone this week?
1. Watch for resistance in white circle near dotted black line today.
2. Stoch should be OB If price gets up there.
3. Could have a double top from last week.
4. Price opened the week near WM-3 so watch for pivot theory trade to WM-1.
5. There’s a nice cluster of 50% fib, WM-1, & M-PP to watch near a major psych level.
6. Watch for macd to fall below ‘0’ line if price falls further than last weeks lows as a daily stoch & 5 move.
7. Notice how macd on 1 hr lines up nicely with the daily stoch from the plan on Sept 8.
8. Again, could be quiet ahead of FOMC and get stuck in a range.