37 minutes ago
Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use
1. The Fib from Jan 4th high calls this the .382 Resistance line
2. The Fib from Aug 16th high calls this the .618 Resistance line
3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES
Note the declining volume the higher she goes
Notice how the EMA CLOUDS mark key TURNING points marked with circles as it rose into the cloud
EMA Cloud where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Swing Trading 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high-level price over or under 34-50 EMA clouds confirms either a bullish or bearish bias on the price action for any timeframe