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For tomorrow their is fib support at 1.2872, pivot range support at 1.2869. Resistance through pivot R1 at 1.2914 and through fib confluence at 1.2922. This is the micro-picture as shown on the first chart.
The larger picture shows that 6E is still in an uptrend, it is currently sitting on cross resistance. The likely scenario would be continuation of the uptrend.
Nobody, however, can exclude that it breaks down, the downward targets would be 1.2825 and 1.2780. Remember that the 1929 decline started after Labour Day, LOL.
Friday, September 3rd - We had large gaps up due to positive jobs report. The U-H gap zone was favorable but I generally don't fade gaps higher than 40-50% beyond the 5-day ATR so I did not fade the gap. However, I watched the pre-market news release …
Also saw resistance there, see chart below, but again I am curious, how you establish your pivot levels. Our weekly pivots are identical, but your daily pivot R3 is completely different and your monthly pivot is 0.75 points off.
so both values are correct, just the difference between ETH and RTH pivots. However in this case, price seemed to be reacting to RTH pivots rather than ETH pivots.
This is a great indicator brother! I use a Fractal Pivot Confluence indicator. I was actually looking for the NEXGEN Fibonacci Confluence indicator but stumbled upon yours. Now if we could somehow combine yours with what I have I think we would have the ultimate pivot indicator.
I like that volstop! That's in the downloads area of the forum? It's awesome to see others who trade exactly like me. I'd like to combine Twiggs money flow, (shadow in background), Better volume with Vol stop alerting on the chart! Zero lag macd divergence along with fib/fractal confluence and volume is as sure a bet as you can get in capital markets!