A picture is worth a thousand words
Quote from part 1 of article - "If PA is to continue its downtrend, then I will expect it to possibly drop to between FE 61.8 (4113) and FE 161.8 (3906) but just like we saw at point A, I noticed a possible divergence showing (as highlighted) and hinting at the possibility of a reversal. I will be ready to buy a break of the trade focus buy number or sell at the lower channel number, should PA continue down but knowing the downside target is limited!!!"
My motto is that of the Boys Scout - "Be Prepared" for which ever way the market wants to go!! PA has since dropped another 140+ pips from the trade focus number.
DISCLAIMER
Please read the disclaimer on the home page
My motto is that of the Boys Scout - "Be Prepared" for which ever way the market wants to go!! PA has since dropped another 140+ pips from the trade focus number.
DISCLAIMER
Please read the disclaimer on the home page
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