The daily chart is in a bullish trend and we have placed a ABCD and the A is at 96.54 and the B is at 100.55 and it has retraced back to the 86 fibb extension at 97.10 but the market has been sideways on this daily chart for almost 2 weeks as we are looking for a bullish pattern to go to the D extension Take Profit of 103.03 if you are trading the daily chart.
The 2 Hour chart is bullish and we have placed a trend line and a resistance line at price 98.17 I would like to see this break this and become support in a retest and give up a bullish candle so we can take this to the upside with the trend. The 1 Hour chart is in a sideways action and we are unable to place a fib on this chart so we have placed a range as resistance is at 98.24 and support is at 97.54. So we are waiting for the breakout and we will take action when this happens, we would like to see this go to the upside with the trend. The 15 Minute chart is sideways also and we have had to place support at 97.84 and resistance is at 98.15 and we wait for price action to make the move there is no trade at this time just have to be patient and wait my friends.
Most Popular Slideshows
- Victoria's Secret Fashion Show 2013: Models' Ramp Walk Aired on Tuesday [PHOTOS]
- Victoria's Secret Fashion Show 2013: Bold, Sexy and Sensuous Lingerie Fashion [PHOTOS]
- Victoria's Secret Fashion Show 2013: Best Pictures From The Sexiest Show Ever [ SEE PHOTOS/VIDEOS]
- Victoria's Secret Fashion Show 2013: Drooling Guys, Conscious Girls, Naughty Jokes on Twitter [SEE PHOTOS]