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phillo

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Posts posted by phillo

  1. @Caseynotes I do like to look at 0 -50-100 % levels , they work so well on a lot of things. The 50% level can sometimes be identified as a "swap zone" where buyers & sellers battle for control ( can be seen by when price moves strongly in one direction , stops and reverses a bit before resuming the original trend) . Here's a BIG picture of crude oil showing some historic price zones

    Capture cl.PNG

  2. 100p is always a "tough level to crack" , but I guess the way retail is in the UK at the moment, this one doesn't look great at the moment. Trend is your friend & this one is definitely down !

    Capture intu.PNG

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