JI
jimkane
Rep: 3,058
Posts: 33,089
Kicking it off. I'm not sure why I'm even doing the forum anymore, but still kicking it off. I guess I do it for Marcin, rat, and the other guy, and the small handful of others who come in now and again...
MA
MarcinO
Rep: 67
Posts: 5,506
Calm down Jim - I didn't wait for one more push exactly to that area.
Price action guided me.
Price action guided me.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm looking around 38-40 next, although there is some stuff in here around 43-44 it must overcome first. Afer that I think it will try to test the level of all those swing-lows in the mid to upper twenties.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm so... sniffle, sniffle... so... sniffle... proud right now...
Originally posted by MarcinO
Calm down Jim - I didn't wait for one more push exactly to that area.
Price action guided me.
MA
MarcinO
Rep: 67
Posts: 5,506
Watch that dirty tricks that Euro is doing at the moment. Sweep down on Frankfurt open and now it's slightly above TL and yesterday HOD.
And looks very, very strong...
And looks very, very strong...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, this one is a lot 'trickier' than I indicated here. Most of what I'll say can be summed up, for those not skilled in this methodology, as 'okay, so somewhere...' There is an area here from 42.00 -44.50. Then below that there is an area around 38-40, and then there is an area around 33-35, but a key .300 comes in at just over 36.25, and the .382 overlaps a key level at 31.50. It really looks like two subharmonics there, but it could be one broader area from 31.50-36.25. Hence:
42.00-44.50
38-40
31.50-36.25 (33-35 the center of area)
When things are layered like this, it's sometimes hard to really see what the obvious area will be. It all becomes about price action, and the structure of the move on the way down. This one is a little tricky, but since the play right now is just down until it stops, the areas are more for management, then let's see what it does in the AM. Understand, I am not ruling out that it could be done in here at this first level.
42.00-44.50
38-40
31.50-36.25 (33-35 the center of area)
When things are layered like this, it's sometimes hard to really see what the obvious area will be. It all becomes about price action, and the structure of the move on the way down. This one is a little tricky, but since the play right now is just down until it stops, the areas are more for management, then let's see what it does in the AM. Understand, I am not ruling out that it could be done in here at this first level.
Originally posted by jimkane
I'm looking around 38-40 next, although there is some stuff in here around 43-44 it must overcome first. Afer that I think it will try to test the level of all those swing-lows in the mid to upper twenties.
MA
MarcinO
Rep: 67
Posts: 5,506
Well, Aussie is listening to you.
Originally posted by jimkane
C'mon, I'm tired, swoosh me, baby.
