Simple's Green Room

[gitonwithit]

Would think so. If we get a macd turn here just 3 bars below the daily zero line we could see some divergence setup much above 1.07 which would fit in with my theory about major turns inside of the bollies, I think I count 2 in the last 6 years or so that have been major turning points without an exhaustion candle outside of the bands. On the other hand tho, while I would love to see BOFA pack up their Scooby Doo lunchbox and head home they did make a technically sound trade there after a close below the previous swing lows on the daily.

Forgot to add that that was a hellishly bullish 4 hour candle on AU which shouldn't be ignored.