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  #570 (permalink)

San Jose, Ca
Trading Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
David_R's Avatar
Posts: 1,515 since Nov 2009
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One uptrend line has been broken, but another below it is still in place. That TL comes in at around 1.3600.

Seems like mixed info. There was SOT at the highs an we have sold off, but there is SOT on the small downtrend channel as well and we may have sprung from the 1.3650 area. Does not mean new highs, but the potential is there.

SOT=Shortening of the thrust. Price unable to reach the opposite trend line of the channel.


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