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Citrati

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Citrati

Re: 123tom post# 3820

Friday, 04/28/2017 12:29:54 PM

Friday, April 28, 2017 12:29:54 PM

Post# of 11306
Yes, IMO if todays wick remains the longest then the total of 3 failures at the bb midline is confirmation to the downside.
The bar at 5.53 is next support and if that breaks testing the bottom of the bar to 5.34 is next. Falling through that with confirmation brings lesser and lesser bar support. Under 5.15 and a big shorter group could smash it quickly. Of course, that is contingent on no news. I think we pretty much see it the same way.
Green Trades

PS: if you add in the 8ema, it has now become resistance and is curling down.
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