Cycle prediction. Hitting support main line @ around 7100. Backed up by my own Crazy waves based on this year cycles and 2014 bubbles 5 tops before downward trend. We have now finished 2014 third wave and are moving toward the more neutral 4th one. Before we see a much more bullish 5th top. Remember TOP's not waves.
Trade active:
Our buy order for 7100 was spot on. Please put in a stop loss @ 7250 in case of retest or further drop.
Comment:
New stop loss at 7350.
Comment:
Follow up
you ,might want to sell now and rebuy at retest.
you ,might want to sell now and rebuy at retest.
Trade closed manually
Moving as planned.
Explanation:
Green line is our support (STRONG), red is a resistance ( not that important), red lines are down cycles and green are up cycles. Waves are just a theory.
The VWMACD show us another cycle. If we count them we see some positive news. We started the year with 3 negatives(red,) then we had 2, now we might be moving down to 1 red. This might mean we are turning the trend and we might get 2 greens and then 1 red.
Cheese--> Remember: Don't trade what you feel. Don't trade what you think you see. Trade what has been proven.