Technical analysis of Major Markets, F/X, and anything that can be traded
This is my diary for trading
Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
Quotes
Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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Thursday, May 31, 2012
CABLE
Weekly chart
Still in large triangle
approaching lower boundary
1.53 BUY level (stop close by)
Daily chart
Daily in the MEGAPHONE formation Failed break out
expect a test of lower boundary and possible fake out on downside
successful test for LONG trade
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