Tuesday, February 11, 2014 9:08:40 AM
GLER 5 minute chart. I never use 5 minute charts when trading pennies. Just wanted to show this one with the fib retracement. Showing strong support at the 50% pullback. Tested it three times in the last two trading days. Volume and stochastics are major factors in my trading but on a five minute chart in pennies I never consider them.
This is looking very nice and is lining up with the proposed news that is supposed to come out. If it doesn't hold up our next support level will be at the .0028 level which would put it at a 61.8% pullback on the fib retracement. I'm looking for a little more consolidation today
This is looking very nice and is lining up with the proposed news that is supposed to come out. If it doesn't hold up our next support level will be at the .0028 level which would put it at a 61.8% pullback on the fib retracement. I'm looking for a little more consolidation today
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