I Want To Believe

28 thg 7, 2013

I think the recent 86.20 low marked the end of the black trend line which began at the recent monthly low. As you can see though, it seems to live yet though as the 1/2 Gann fan line from the recent 86.20 low point. Now, the 1/1 Gann fan trend line looks to offer support as we head over a few thin spots in the 4 and 12hr Ichimoku Clouds. If we can reach the 24hr cloud on the other side, I'm expecting to break up and out with the under-lying support of Gann and the 4and 12hr clouds.