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Tan_Gent

05/08/15 8:08 PM

#9506 RE: Ryantacular #9505

Lol damn had i given that more thought I would have realized that myself, the daily didn't close under it so technically it isn't broken, and thanks for the advice! I keep an eye on most of the timeframes short and longer term, but when it broke on the hourly I put more importance on that break than maybe I should have. I'm going watch closely monday for sure, if I'm wrong about a further pull back I'll need to limit my losses on Dwti, and I'll be checkin this board as well and seeing what you, cyclical and rb are thinking of for entry points.

When you drew the weekly trendline, why does the shadow get excluded, the bottom of that shadow is what's used on the daily and hourly trend lines isn't it? If the shadow is included on the weekly, that would change the angle quite a bit. I definitely see the double bottom there though! It was pretty major when it broke that top resistance!

Edit: I see also if the weekly trend line stays that way on the weekly the way you drew it, that leaves room for a pull back to around 56.00 next week without breaking that trend line. That would give me decent profit on this dwti

CBeeson

05/08/15 11:56 PM

#9512 RE: Ryantacular #9505

Bearish last candle. Going to 60-61 then all the way back down under 50 possibly under 40.
No position for now but about to load dwti at 60-61.