MyPivots
Sign In
MA
MarcinO
Rep: 67
Posts: 5,506
I'm still counting on the end of correction in the Euro. Looking at the weekly chart one may find significant lines coming between 1.1050 (the strongest one in my opinion, that's why it posed a resistance on Wednesday) down to 1.0950. Dropping to lower timeframes enables to see the heart of this level is just below 1.1000. We will see tomorrow.

Click image for original size
6e 2015 05 24 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Fully hit that second level and reacted violently. Is it done, or is it all part of the grind for the timing factor? I still think it's not off the table that they crush it and hit those stops.
JI
jimkane
Rep: 3,058
Posts: 33,089
Otherwise, just sit with this and see if it pays off would be the strategy.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, 15:53-54 or bust. They will or they won't. At this point I can't imagine it going up, so that likely means it's getting ready for the next pop. They love to make it look the opposite before they move. My gut says grind here or drop, no up left. The chart area is clear and calls to it, though.
JI
jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby. Uh-huh, uh-huh. Give it to me, baby.
RA
rat89
Rep: 0
Posts: 7,015
stuck right under the first hour low.....can they throw it down here?
JI
jimkane
Rep: 3,058
Posts: 33,089
Total respect for that second level. Amazing.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd love to see them trash it, but all I am hoping for is they just keep it weak. I'm still quite a bit shocked they didn't gun for that third level. To me, that may be a hint of a change of character.


Originally posted by rat89

stuck right under the first hour low.....can they throw it down here?
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon, monkey-hammer it into the close and in the after-cash. But they won't, I don't think.
JI
jimkane
Rep: 3,058
Posts: 33,089
Are they going to take a run at that third level now?
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, phew, no.
JI
jimkane
Rep: 3,058
Posts: 33,089
That's cute. Very cute.


Originally posted by rat89

did you say crash close? :o)

Originally posted by jimkane

Okay, that's a nice move into the cash close.