Saturday, February 16, 2013

EJ The week in review. 12 Feb

The view from the morning of 12 Feb was:

EJ - D positive close, bias up.

There was a move up in line with bias that might have been tricky to get into based on the 1hr candles. Price moved up to the 1/4 Feb highs, W R1 combination and stalled for almost 3 hours with an evening star pattern and 1hr divergence. If bias is up resistance level, W pivot, divergence and 3 hour stall would be sufficient reason to go against the previous bias. If I recall the move down was a news reaction and therefore could have been difficult to get into. Perhaps one of those days.


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