another gem.....seriously....a great one....i call all news except fomc external information...just like other traders stuff....once the system is done trade it is my simple approach....sometimes right sometimes wrong.......
If we break support (old resistance) then old support becomes new resistance, then we break resistance and old resistance becomes new support, over and over, and over. When your eye becomes trained, you will know what price areas need to hold in order to continue with current direction of move.
I know it doesn't look like an ADU, but if you remember that ADU is a timeline we have been following perfectly the 30 mins delayed schedule.... (on my previously posted chart I cut off the first 30 mins)
If we don't break down again below 28.50, it should be okay for the bulls. BTW how about ADF? All-day-fooled (ya know, like "all-day-fuc**d up").
One little break attempt at the original 839ish R area so far failed. Actually, for me totally failed as 3:30 is my EOD unless I get crazy.