Tuesday, March 6, 2018
Daytraders Update 3/6
5 min Chart sent out last night: "Today is expected to be a consolidation day. The intraday cycle sees a 1st hour Low, midday Low and last hour Low. If the midday Low is lower than the 1st hour Low, it suggests a last hour lowest Low and Vice Versa."
12.00 Update: The intraday cycle saw a 1st hour 10.15 Low and a lower 11.45 midday Low. We should see a last hour Low.
5.10 pm Update: Final Result: We saw a last hour 3.20 higher Low, which is bullish for tomorrow. The intraday cycle tomorrow, after perhaps initial weakness, is biased higher. Permature Bears be aware.
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Posted by Raj Time and Cycles at 11:54 AM