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Need to see a wee bouncy-bouncy then might go short 🙈

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Zut alors!  I wonder if it will go all the way to 1029?  I would bet so, but my modest funds are tied up other things :(

OTOH, it might be a nice buy when it reaches the bottom and starts climbing again later on.

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@dmedin- It's up for today so far, but will it stay up until close of business.

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Every morning has shown bearish behavior since last Wednesday. Could this potentially be the turning point and be a bullish day?

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Here comes the bouncy-bouncy!  If it starts to fall again after hitting that level then I would say it's heading back down again.  I've no idea why this is so from a fundamental level, something to do with M&S poor clothes sales?

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Strange things going on.  Looks like a 'key reversal day' with a lower low but a close above the previous day's high.  Great gyrations!

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I decided to stop trading on shorter time frames until I got better at inter-day trading, but this would have been an excellent one to day trade.  Everything just aligns perfectly - the candle stick patterns, volume, moves below the MAs, the RSI rising above 30.

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Edited by dmedin

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On 13/11/2019 at 12:57, dmedin said:

If it starts to fall again after hitting that level then I would say it's heading back down again

 

Sorry for sounding stupid ... I meant to say, 'If it hits this Fib and bounces off it, I think it's going to fall down to the next Fib'.

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