Aussie and Cable may need one more push to the downside.
It seems that like ES, FX didn't drop to key area on Friday.
RA
rat89
Rep: 0
Posts: 7,015
iwm – target trading
chart 1) price is falling, there are many ways to speculate on a target for the move, but on the longer term charts the 110 area stood out as 109.91 is .786 fib of the move from 107.03>120.51. The dark blue fibs are showing that this is also the 1.618 external retrace of the move up from 112.20>115.65 = 110.07.
chart 2) price over shoots lower line but in perfect harmony with the parallel set lined up with the 28july bounce low, and overshoots slightly the 1.618.
chart 3) new long entry, bounce, retest at lower green line.
chart 4) minimum target is the green median line, eye also on upper green line
chart 5) context on 60 minute shows short exit area at purple median line, at fib area and long entry with a target at the larger timeframe median line with price in the same area as the upper line in the 15 minute where .618 = 116.44
chart 1) price is falling, there are many ways to speculate on a target for the move, but on the longer term charts the 110 area stood out as 109.91 is .786 fib of the move from 107.03>120.51. The dark blue fibs are showing that this is also the 1.618 external retrace of the move up from 112.20>115.65 = 110.07.
chart 2) price over shoots lower line but in perfect harmony with the parallel set lined up with the 28july bounce low, and overshoots slightly the 1.618.
chart 3) new long entry, bounce, retest at lower green line.
chart 4) minimum target is the green median line, eye also on upper green line
chart 5) context on 60 minute shows short exit area at purple median line, at fib area and long entry with a target at the larger timeframe median line with price in the same area as the upper line in the 15 minute where .618 = 116.44
JI
jimkane
Rep: 3,058
Posts: 33,089
That might be it for the pullback here. If so, too bad, I was hoping this bearish KZ would send it down.
JI
jimkane
Rep: 3,058
Posts: 33,089
So stoo-pid, that bounce off the LOD, matching the previous low to the tick. Idiots.










