Thursday, March 31, 2011

Pre-Mart 3/31

Hourly - Click to Enlarge
Nothing to do now except WAIT. 
  • A trendline (red, dash) 3rd touch overshoot with price finding support at S1 would be very nice... 

  • 3rd touch at top trendline (red, solid) is a star-like candle (ie. technically not a "star" since it isn't at new high, and its high is only a tad higher than the previous swing high....total bull magnet in fact) that forms  a harami-like pattern (again, technically not a  bearish harami because it isn't at price top...because it's inside a congestion zone I'll be perfectly happy to trade a failed pattern) together with the preceding strong bull. Supposedly a strong resistance, but stars are supposed to be all LONELY on top....

  • Within untested Supply Zone at 106 to 106.30 is where today's R2 resides....

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