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MarcinO
Rep: 67
Posts: 5,506
If they want to announce the end of the correction they have a nice spot at .382.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, did I time that last post well.
You know, it would also fool a lot of people if this blew out that next level like it wasn't there. That is a super-key level, and implies a 'big change' (from a short-term perspective), if they blow it out. I'm ready to lean on the short side with a trigger off that area, but I'm really wondering if they intend to run this until close... 21.50+ area. But, as they say, they'll have to prove that one to me...
Don't misunderstand me, it was pretty clear to be thinking back to the long side when this started up earlier, so this would be coming into these areas in 'management mode' for that, but I still would like this to turn back down. I never 'root' for an existing position against an area that goes against it just because I may be in a position, especially if that area will produce some nice technical that I think is tradeable, and is nice for the bigger picture (and extra-especially if that action is to the downside ).
You know, it would also fool a lot of people if this blew out that next level like it wasn't there. That is a super-key level, and implies a 'big change' (from a short-term perspective), if they blow it out. I'm ready to lean on the short side with a trigger off that area, but I'm really wondering if they intend to run this until close... 21.50+ area. But, as they say, they'll have to prove that one to me...
Don't misunderstand me, it was pretty clear to be thinking back to the long side when this started up earlier, so this would be coming into these areas in 'management mode' for that, but I still would like this to turn back down. I never 'root' for an existing position against an area that goes against it just because I may be in a position, especially if that area will produce some nice technical that I think is tradeable, and is nice for the bigger picture (and extra-especially if that action is to the downside ).
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's not ignore this 03-04 area just yet, it sure seems to be struggling with it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Potential 1-min ABCD forming in here for 'the squirt'. I can't wait to see how they resolve this one. I'd prefer 'the dump', but everyone knows that. I always prefer 'the dump'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Reacting to the ABCD... Time for 'the squirt'. If they can't do it here, 'the dump' may trump 'the squirt'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Crude tick chart just popped to the upside... Watch to see if ES follows...
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at that oscillation in price action, as this tries to decide. Decision time should be soon.
JI
jimkane
Rep: 3,058
Posts: 33,089
This 1300.75 may be it. If not, I can't imagine more than one more oscillation before they decide. Europe will be closing in 12 minutes, 'it's time' to make a decision soon.