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SW MN and Gold Canyon AZ | I was also looking at the charts last week thinking it looked like an island top was forming, tonights action comfirms that if it doesn't end higher which doesn't look like it could.
The RSI was a sell on the weekly charts for about a week now also.
I should have bought more puts than I did.
Looks like last mondays high will be a resistance area. The bulls will have to bust thru that area to keep the drive alive.
Question now is how low do we go? Fibiconi retractment 50% of the whole move?? Seems like a lot.
maybe 1/3 rd speed line??
Where is the first support area?? | |
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5-day Island on Corn, thus far.
