The breakout above the EMA 200 resistance (red dotted line) was clear. What was evidently not so clear - to me anyway - was the retrace point. I felt a no brainer would have been a pullback to the EMA 200. Not to be... maybe the SMA 200 (solid red) is all we get.
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http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
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Twitter: @BiiwiiNFTRH

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