Sideways Consolidation Waiting For Stop Run To 42,000
I have the 50% of the prior range from FOMC as the target for the dump down before the trend continuation. We are no where near a top yet as there is no indication of topping.
There are ONLY two possibilities. Either we break out now with this move or it dumps down first and then breaks out. I am leaning on the latter.
My goal is to be a master at support and resistance on the 4 hour
There are ONLY two possibilities. Either we break out now with this move or it dumps down first and then breaks out. I am leaning on the latter.
My goal is to be a master at support and resistance on the 4 hour
Note
50% also lines up exactly with the prior pivot's high.
Note
I drew a pretty reliable support zone of around 42,250-42,300. I am proud of my ability to find support. I will continue to fine tune my ability to find support and to buy off of. 1% better everyday. 
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