The M-PP goes from resistance to support. Hmm

1 HR

With the new monthly pivots the M-PP can now act as support along with a role reversal and the 233 ema.

5 Min

Price has moved below the 233 ema in blue. If macd remains below the '0' line price has a chance to fall to support zone. Note, the 4 HR stoch's also wants to cycle down. Lets see how it plays and if we hit support for a reload.

2 thoughts on “U/J Update 2”

  1. Miles says:

    Nice observations James, thank you!
    Let’s see if eventually we’ll have some retracement!

    1. James Mauro says:

      Yes been a challenge to reload at a good price without some profit taking or sellers ‘But’ that’s a clue in itself !

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