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TFC Commodity Trading Forum

Re: KC...Update *PIC*
In Response To: Re: KC... *PIC* ()

My last post I mentioned that there would be a slight pause (reaction high)...as you can see it did develop, price then moved higher. We have come to another place where a new reaction high may develop. You would look for two to three bars being down bars. I have retired a line or two and adjusted a couple and added the new red line...these are you likely places for a pivot to form. I also inserted the reaction lines for the violet dotted line not shown on previous post which use to be green.

Caution is advised, there is a possible temp high on the monthly, the pattern is the 25% line...if price can't make it to it and break it, you would look for a test of the lows.

Spike

Messages In This Thread

KC... *PIC*
Re: KC... *PIC*
Re: KC... *PIC*
Re: KC...Update *PIC*
Re: KC... *PIC*