S+R and Scalp line updates!
Writen by Nick B on 02 July 2008
Hey guys,
I am a little late with this update but here goes:
The 209.31 S+R line has been moved to 209.37, I know it is only 6 pips but 6 pips can be significant. Looking at the candles in that area over the past few weeks the 209.37 is just a much better fit. S+R lines do migrate very slightly with time so it is completely normal to see this.
We also have a very obvious scalp line that has formed at the 212.30 level. I have added that line and removed the 213.00 scalp line mentioned in the weekly analysis video. The 212.30 is a much stronger scalp because of the way it moved up, hit, and reversed.
There are the updates I hope you guys caught the 210.56!
