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yep..agreed....20/60 do the job..60 is better on daily by a mile..also agree...60 is more than enough, until the longer range ones (100/200)enter chart parameters..
FYI...Price is now above 10.2, 20.2, and 100.2 Upper bands!!!
1347 is 50.2...if that does not hold it..then its 60.2 (1,356)..
what the above means is that we are setting ourselves up for a big correction...before we continue up..extended behavior..mania as you put it always results in a super reaction of some sort..
P.s. 40-60 range pricing...neutral zone..1356 or 1360 is the BIG SHort...elephant gun short..
Price should be looked at as a live thing..energy..remember the violent correction immediately resulting from 1333.5..gave you 30 points..and the mild reaction to 1330...only gave us 10 points..energy,lol
Trade well..
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