As we have approached the 114.00 level as I suspected from the February
analysis, We reached a critical Resistance/Supply Zone/ Psychological level
where my intuition says go ahead and place those sell limits with in the 111.0 - 111.60
Price range. Weekly TF Strongly suggests by the float and Wicks that 113.0 is our stopping
point for flight and it is time to decend to levels of interest around 110.0 - 109.50 areas.
Now that the 4 hour TF also suggests that we have broken important key structual areas,
we are given permission to Sell with Limit Orders in higher Range to have one final Test.
analysis, We reached a critical Resistance/Supply Zone/ Psychological level
where my intuition says go ahead and place those sell limits with in the 111.0 - 111.60
Price range. Weekly TF Strongly suggests by the float and Wicks that 113.0 is our stopping
point for flight and it is time to decend to levels of interest around 110.0 - 109.50 areas.
Now that the 4 hour TF also suggests that we have broken important key structual areas,
we are given permission to Sell with Limit Orders in higher Range to have one final Test.