This looks to be setting up as quite a good trade so I would just be concentrating on this for the time being. Either we could have Top in place already at 5261 or if we trade higher this evening keep an eye on 5351 so we have two price zones fairly close to each other and if we are to make Top price will have to trade lower than 21-22nd March so we can use this as a time based stop point . We are currently lining up against three important percentage levels as outlined in yesterdays post culminating on the Cycle date so if you are already long it may be wise to take a profit . The next date I am working on is Apr 3rd so if we do start coming back Watch that point as it could turn out to be Low but the main focus atm is entering short with a time based stop at 21-22nd March and you could place a horizontal line on your 30 -60 min charts and examine how the intraday pattern is setting up and if we are holding below those two levels and making lower tops that could be a good intraday signal to go short .
Comments