Thursday, October 09, 2014 10:15:56 PM
The Fibonacci support (S2) @ 0.307 "held" and the candle ended up in a Bullish Meeting Line pattern (#1 on chart). It has a 56% success rate of reversal confirmation.
Money Flow TA 3 Cycle Turning: Money MOMO (ChiOsc) repelled its negative pair, and is now aligned with short-term Retail (CMF 3) (#2 on chart). In addition, monthly "Smart" (read: manipulative) Money (MFI 21) turned up.
What lacks confirmation is short-term "Smart" money (MFI 3) as it broke back down today. This means sell volume was still overall stronger.
The current volume watch is still for % change (#3 on chart) to continue to trend higher (PVO) assuming the scale tips to buy side (orange arrow would turn green). Which brings up the next dynamic needed (in absence of news)-- return of momo traders...
Recent DRIO News
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
