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JI
jimkane
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Posts: 33,089
Okay, I'll start it off.
MA
MarcinO
Rep: 67
Posts: 5,506
The pound is about 45 pips over a very nice area, which should produce a decent correction. But the chances that it will get there on time are decreasing.
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JI
jimkane
Rep: 3,058
Posts: 33,089
This thing just looks strong. If it heads up to my upper part of this level, say 1604-5, that would also make a 3D into the area. Technically, that is a nice layout. But, I'm starting to wonder if the whole bear thing is going to happen at all, no less as severe as I'd hoped. It just isn't acting right. There's still time for it to 'shape up', but much more strength and I'm going to think it's becoming a highly unlikely scenario. Darn it.
MA
MarcinO
Rep: 67
Posts: 5,506
The cable hit the first of two areas. Timing is far from perfect, but any reversal between the zones seems likely.

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MA
MarcinO
Rep: 67
Posts: 5,506
The Swiss franc is seeking a way out of the wedge.

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MA
MarcinO
Rep: 67
Posts: 5,506
Decision time for the cable after reaction of the top H1 grouping. Successful retest of ML or continuation of bearish DB ABCD.

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RO
roofer
Rep: 3,689
Posts: 3,574
based on longer term chart previously shown ... half off at line... wait to see if bigger move is in the works
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RA
rat89
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Posts: 7,015
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JI
jimkane
Rep: 3,058
Posts: 33,089
Careful at this 6.25, let's see how it handles it.
RO
roofer
Rep: 3,689
Posts: 3,574
what?!!! roofer is trading numerology now?at the 618 the SPY traded at 1618 off that high a nice abcd retrace setup to sell with 10 cent stop..short....fully expecting to be blown out of water....
RO
roofer
Rep: 3,689
Posts: 3,574
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RO
roofer
Rep: 3,689
Posts: 3,574
TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...
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