Daily Forex Technicals | Written by TheLFB-Forex.com
Oil; Trend line Tests
4 Hour chart trend: Mixed. Main price points: 65.22, and 74.90. Looking for: Reaction around the trend-line
The 76.4% Fibonacci support held quite well in the last few sessions in our wave B), which means that higher, red wave C) of a second zig-zag, is still possible. At that moment, traders should be watching very closely for the price reaction around the trend-line that may react as good resistance. In this case, we believe that wave C) will not happen, since prices may easily fall through critical 65.22 support area.
Blog milik Andri Zakarias Siregar, Analis, Trader, Investor & Trainer (Fundamental/Technical/Flowtist/Bandarmologi: Saham/FX/Commodity), berpengalaman 14 tahun. Narasumber: Berita 1 First Media, Channel 95 MNC(Indovision), MetroTV, ANTV, Bloomberg BusinessWeek, Investor Today, Tempo, Trust, Media Indonesia, Bisnis Indonesia, Seputar Indonesia, Kontan, Harian Jakarta, PasFM, Inilah.com, AATI-IFTA *** Semoga analisa CTA & informasi bermanfaat. Happy Zhuan & Success Trading. Good Luck.
Friday, September 4, 2009
Elliot Wave: Oil; Trend line Tests
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