Alright guyz..all is playing fine now..looking at us closing in 153 area,which should open more space for selling downwards..let's watch the way she open's for the new week ahead..cheer's all,and happy weekend
Alright guyz..all is playing fine now..looking at us closing in 153 area,which should open more space for selling downwards..let's watch the way she open's for the new week ahead..cheer's all,and happy weekend
from friday test of distribution level at 155.70 r1..there have proven to be good number of sellers around that amount,and every greath effort taken to consume them has proven to have small effect..for today I believe the market need to suffer on the down side somewhat as a result of presence of the sellers,if we are to test distribution again in the 155area, then we need to test s1 in 152.92 to receive a fantastic momemtum for your uptest.except we loe additional strenght of buyer's or seller's,we ought to be stuck inside this 200-350pips range..let's see how she play out..more update as things develope...
Now let us notice the point's here..the campaign here is to try and break higher by analyzing supply amount at 155,the result have shown excellent resistance to go up..there by playing the market downward's in a negative way's way. . .as we saw the quantity on the test,it had been done on expanding quantity,which shows professional interest..and the news tommorrow present's a perfect opportunity to either break her through that point,or stay out and allow the markt weakness play out,that can send us back down to 143area or even below..more update at london session..gnite all
Since market opened for the week,we've been trending on low volume,in what seems very clearly as distribution,this is forthcoming couple of hrs b/4 the news has been released,my very best bet is that the news is going to be proven to be good,and price will likely be quickly pronounced,from where we will have any heavy selling,and currently our ranging is simply to maintain those trapped bears in there,am considering us spiking much into 156-157 area,from where we would check for additional development,but I believe we wreck quickly from this level. .
the retest of distribution at 155,has been playing quite well,and there seem to be some good selling away 155area r1..lets see how she play is. .15min analysis coming up. .
No, hes not!!
Sis,just let him fool around,wont post much about here anymore,in case you have time try joining on skype. . I will pm you my id..how's the afternoon going sis,lovely for me personally,my target 147 got short handed b/4 I got back from lunch..looking outside for much more launching...
I know,there are many who think this upmove is not valid,but've been following this since last week,and published duely here,each of the signs of accumulation,bullish expansion,bearish contraction/absorption,and a test of distribution level at 155area. .this provide level was 1st tested on friday a week,where we started anticipating a retest to split higher into 156-157. .here is my possible take..price was quickly marked up in accord with the news only through 147area,and the rest was the tide of the surge,although under reduced quantity,is a indiion of greater price's to come,as this where performed on steadilly enlarging volume..and no significant retracement where noticed,meaning no profit taken yet,a definite indiion of greater prices in mind..my best possible scenario,is we create a test to greater provide level at 160.87. Then we go sideways for some time and,if the pro's finds strenght from the test,we undergo additional buildup and re-test,or if they find weakness,they allow her freefall,down to 143area. . .let's see how she play out..more upgrade as things develope...