Constructed and Written by Smartbiz
In MSCD, %K (Yellow) computed as -243.76 (-14.11), %D (Red) -237.95 (-6.68) and the Histogram -54.62 (+12.20).
After today’s trade, both indicators hooked slightly down but the Histogram continued its round-bottoming process.
Market sentiment remains weak as %K failed to break through the overhead barrier. However, selling pressure was tepid as total volume has stagnant. The cautious note should continue for some times before new stimulus appears.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the lower portion of the sidebar.)
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Harmonic Trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact Fibonacci ratios to determine highly probable reversal points in the financial markets. This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. Although these patterns are not 100% accurate, these situations have been historically proven. If these set-ups are identified correctly, it is possible to identify significant opportunities with a very limited risk.
Settlement Cash Structured For Flow
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