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Re: billmick11 post# 3397

Tuesday, 10/18/2016 5:15:37 PM

Tuesday, October 18, 2016 5:15:37 PM

Post# of 11271
I don't know ,Bill, ....


The technical price action actually was interesting in the tracks it followed, the afternoon rally continued to target the 3.40 shoulder resistance. after holding the lows,in stair step fashion, all technically ok to see. But now this 3.40 resistance is a battlezone, from 3.40-3.60/3.65 area,.....The next target that looks like some kind of accomplishment in my view would be 3.80 that pulls back to Hold 3.50 support, it would turn the pattern bullish as a rally that has potential, as long as the pattern continues in higher highs/higher lows. and so far so good from last week's 3.10 pivot low. I think we're still in a danger zone that 3.20/3.30 support must hold like it has so far. and of course the 3.10 'bottom' must hold. Its all technical price movement along technical tracks in recent days.... but today was in the upward direction like it has a chance to make a rally. Big battle set up now here at the 3.40 resistance versus the 3.20/3.30 support.

It's a keen playing field now for short time frame TA guys like Citrati to follow the fine details.

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