Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
First on daily chart, this down creek is "nearest" to peak in comparison to last 3 down creeks and provide lower risk in this regard.
Second on weekly chart, weekly closing below 5969 will spur negative divergence short trade which is first to appear in this whole up channel since June-2012.
A "nascent sign" of failure of this short setup, might arise with tomorrow's higher opening and establishing higher value over two day's of balance....which is very typical and common to NF.
I am not in this drive...but looking for long entry. As it already covered 110% of ADR[5]...it would be tough to pick location. Can i expect 150% of ADR[5] = 44 Points ?