Saturday, February 16, 2013

EJ The week in review. 11 Feb 1hr higher low after divergence

We have been heavily focused on EJ lately. With that in mind I'll go through the early morning days view and see if it played out or reasons to go against the view.

The view from the morning of 11 Feb was:

EJ - D neg close at the 123.30 support level. We have stalled here for 20 hours and there was buying during previous London and US sessions. Failure to go lower will set up buying opportunities.

From London open there were no 1hr candles that set up a sell. There was positive divergence for a buy on 1h and a higher low after the divergence. The 20hrs of support at W M2 held.



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