Posts by "edi"

Strictly technical: the weekly candle-sticks show 3 (and 4 ) drives to the bottom (which floor traders used as a counter trend signal hence long). However, this market is building value (consolidating) at the lows (which means low prices 'sticky'). Even if it breaks your stop, it should,eventually, come back down again. Either way it's a tough call. Ashraf, on May 06 (weekly), we saw what I just learned is a Priming Thrust - extremely bearish. Have you come across this setup before?