EJ uptrend w/c 9-June-2015

9 thg 6, 2015

EJ market is currently basing/ranging at 140, considering overall market bias is in an up trend on the monthly and weekly TFs I believe a price action below the range will head to the WK TL down towards the highlighted demand zone (green) before shooting back up. On the contrary an engulfing close above the range would result in continued momentum towards weekly supple zone.