Hope you guys have been watching the power of FLDs. I mentioned in last update 4865-4875 needs to be cleared for higher targets of 5050 and little higher. Market reversed exactly at 4865 yesterday. One reason I booked some profits at 4850 as updated and tried to buy back lower.
Anyhow for today, looks like if we clear 4840-4850, we are looking at a 2.5 week FLD cross which will generate a target of 5050+...Wait and watch..I think trading with FLDs have been going well..so far.
I will reply to comments later...
Best,
Lee
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Views expressed here are my own and should not be construed as financial advice in any way. Please do the necessary due diligence before entering any trade!
2 comments:
Lee, Thank you for explaining FLD and how they work. I think given the market news from US we should be clearing 4870 tomm and that would mean we are targeting next 5050 as per FLD's. Would that be a correct intrepretation? Also, if this is the 80 week low then are we set for explosive upmoves ahead?
Regards,
Chandra
I might be missing here something. Can you please point me towards the explanation of the FLDs.
Your analysis have been great and I have been watching for long time. Keep up the good work.
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