Just returned from vacation and wanted to send out an update since i was not able to over the weekend. TFH12 is still heading for the Zone-Trader Pivot on the Yearly Profile at 797.00 as i suggested in prior post. Again the Yearly Profile failed to confirm a downtrend by not holding the time filter below MS2 and it is now reverting back to the ZT Pivot.
We continue to buy all pullbacks and take all buy signals that are being generated upon the shorter time frame profiles (Monthly, Weekly, Intra-day). Today TFH12 setup for a beautiful buy at the 781.40 area, which is the Zone-Trader Pivot on the Weekly Profile, if the market cannot trade below the Pivot we look for reversal back to the upside. Since we were looking to buy pullbacks we expected this price level to hold support and looked to buy TFH12 as close as possible to 781.40.
Currently TFH12 is trading at 792.70 as i am writing this and it is moving in a very volatile manner at the present time. However, it is continuing to drive higher and attempt to reach our target at 797.00. Continue to buy all retrace moves to the downside until TFH12 reaches our target price level.
Once TFH12 hits the Zone-Trader Pivot on the Yearly Profile at 797.00 we will shift our focus to the Quarterly Profile in order to analyze if the market can make a Bullish Breakout on this specific Profile. The midpoint between MR1 and MR2 is 800.60. We will need to see a Daily Candle close above this price level in order for this current uptrend to continue.
If TFH12 fails to make a Bullish Breakout on the Quarterly Profile this will suggest that the Yearly ZT Pivot is holding resistance and we will then look for sells and expect a move towards 754.60 initially. Keep an eye out for updates on this specific analysis as i will attempt to send out blog as quickly as possible while trying to maintain my high level of accuracy.
Keep in mind that the bears are in control of the market in 2012. This years Persistence Zone is the Neutral Zone from 2011, meaning the top of the PZ is MR1 from 2011 and the bottom of the PZ is MS1 from 2011. Which also means that the midpoint of the Persistence Zone for 2012 is the Yearly Profile Zone-Trader Pivot of 2011, our target at 797.00. The Bears will attempt to keep prices below this level if possible in order to maintain control of the market and keep TFH12 in the Bearish Half of the Persistence Zone.
In other words be aware of this major resistance price level and slow down take your time and be patient once TFH12 hits 797.00. Remember sometimes not making a trade is a trade.
BONUS! Email us at derivativeconceptsinc@gmail.com to request 1 week free trial to our live trading room.
We continue to buy all pullbacks and take all buy signals that are being generated upon the shorter time frame profiles (Monthly, Weekly, Intra-day). Today TFH12 setup for a beautiful buy at the 781.40 area, which is the Zone-Trader Pivot on the Weekly Profile, if the market cannot trade below the Pivot we look for reversal back to the upside. Since we were looking to buy pullbacks we expected this price level to hold support and looked to buy TFH12 as close as possible to 781.40.
Currently TFH12 is trading at 792.70 as i am writing this and it is moving in a very volatile manner at the present time. However, it is continuing to drive higher and attempt to reach our target at 797.00. Continue to buy all retrace moves to the downside until TFH12 reaches our target price level.
Once TFH12 hits the Zone-Trader Pivot on the Yearly Profile at 797.00 we will shift our focus to the Quarterly Profile in order to analyze if the market can make a Bullish Breakout on this specific Profile. The midpoint between MR1 and MR2 is 800.60. We will need to see a Daily Candle close above this price level in order for this current uptrend to continue.
If TFH12 fails to make a Bullish Breakout on the Quarterly Profile this will suggest that the Yearly ZT Pivot is holding resistance and we will then look for sells and expect a move towards 754.60 initially. Keep an eye out for updates on this specific analysis as i will attempt to send out blog as quickly as possible while trying to maintain my high level of accuracy.
Keep in mind that the bears are in control of the market in 2012. This years Persistence Zone is the Neutral Zone from 2011, meaning the top of the PZ is MR1 from 2011 and the bottom of the PZ is MS1 from 2011. Which also means that the midpoint of the Persistence Zone for 2012 is the Yearly Profile Zone-Trader Pivot of 2011, our target at 797.00. The Bears will attempt to keep prices below this level if possible in order to maintain control of the market and keep TFH12 in the Bearish Half of the Persistence Zone.
BONUS! Email us at derivativeconceptsinc@gmail.com to request 1 week free trial to our live trading room.
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