Picked up some more longs there into 9030 - slow action backwards seems to suggest momentum remains up - will move to breakeven when hits 9089. I thought I'd post the 1hr, 2hr & 4hr charts along side each other. Note the ADX is bullish in all three, with the 4hr only really just crossing - that will need to kiss again in due course with the red, so that retracement is coming. However from where? Note that the 123.6% extension of blue 'a-b' on the 1hr chart is pretty much pip perfect with the 61.8% retracement from 9892 to 8351 on the 4hr. Price is at the regression median from the 9892 top on the 4hr, with the 50% retracement target a 'pop' above at 9121....pop and hold above would be bullish action again and likely to usher in the 61.8%. Note also the diagonal formation on the 2hr has popped and could actually be moving to the top of a parallel channel line, again at the 61.8% line. I just wonder, if it will now keep crawling up?
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