Sunday, July 1, 2007

Hindsight learning 4

Bottom reversal.
Strong downtrend from the day before resumed in the morning. Big reversal candle is clear indication of possible change of direction. Long side is probably safer now.

550 level is pivotal, up from it is long, down is short.

Nice low risk entry at breakout after 550 consolidation if there is no long entry before.

Maybe reversal on daily time frame.

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