Saturday, February 16, 2013

EJ The week in review. 13 Feb

The view from the morning of 13 Feb was:

EJ - The positive close on D 11th could not follow through higher. We are still below D RSI 50 level and below 8lwma. 4hr and 1hr now on lower high flow. Bias down.

London pushed price up from the W pivot 124.95 to W R1/previous resistance level 126.50. We had a 3 bar reversal (1hr close below previous 2 candle closes) to get back into days view.

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