EJ Is it ready to turn Down? - Trading with Weis Wave with Speed Index
9 July 2019, 17:00
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These are the reasons
why EJ should go down.
1.
Hit the Fib area with a false break on 61.8 with a very fast move Low Speed index of 6.1
2.
The way to the Fib was not that easy - Speed Index of 26.6
3.
First Push down with volume and a High Speed Index of 27.6
4.
High Speed Index of 36.3 on the up move - hard time to go up.
So
what do we do? We wait to break support to enter short because we might be ranging for a while and their intentions might change - re
examing the waves as we go along.
to be continued...
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