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Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.
JA
jarek
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Here is this potential bearish ABCD looming over the market for some time already:
Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.
Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.
JA
jarek
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Posts: 3,474
Originally posted by jimkane
... And if the first reaction is usually wrong, what would be ideal so it rises on the announcement, without ruining the nice technicals, and then sells off hard? ...
Wasn't this rule ineffective for the last 2 times?
JI
jimkane
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I believe so. But, like the Sunday night GLOBEX/Monday thing, with so much history behind it, I'm not ready to write it off just yet. It nothing more than a 'tendency', though.
JI
jimkane
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Wow, up to the next area, and big sellers. Very interesting. Watch that 60-min line I mentioned.
JA
jarek
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Originally posted by Mats
A really beauty if this plays out!
...
How can a setup like this not play out? :-)
MA
Mats
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Yes fantastic, first back to 0.447 then down 0.886 then up 0.382.
Yes it is like the market do not know about the numbers at all.
They are complete unaware of this numbers !
Thanks Jarek
Yes it is like the market do not know about the numbers at all.
They are complete unaware of this numbers !
Thanks Jarek
JI
jimkane
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So, combined with the other elements of the methodology, that's what I am trying to get people to go back and see, when I say I'm watching here, watching there, it went to the most typical area (or reacted off it and then to the next area), and so on, it's just 'seeing' all these spots one after another, in my opinion. What trades to take, that depends on 'context' and the trade premises. The use of all this is not only for setups, but management, forming premises by seeing how it reacts to various areas, and so on.
JI
jimkane
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Posts: 33,089
Okay, this thing is in the critical 'danger zone' that is on every blog and mentioned by every analyst on bubblevision. I can't imagine anything but a huge upward reaction. But I would sure think they'd like to sweep the immediate stops, too, before that. This is going to be interesting, regardless. I'd love a flush, but I just don't see it...