I mentioned in the Weekly report, that a Tuesday move above the Weekly 50% level could result in a HOOK pattern that pushes prices higher this week.
Tuesday:- Support 3788-91"
SPI Weekly and 5-day pattern
SPI opened above the Weekly 50% level resulting in a push upwards, and with a late move to complete the range @ 3844.
It will be interesting on what happens in the US markets on Tuesday, because such a rally on Monday would normally come back and retest the 3-day cycle break the next day to verify the break.
- Daily Trading Set-ups & Analysis
Posts
