MA
MarcinO
Rep: 67
Posts: 5,506
Cable in a nice, smooth corrective move after a huge drop today.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
Area hit with finishing 3D. Now we will see.
Originally posted by MarcinO
Cable in a nice, smooth corrective move after a huge drop today.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, but I more meant that the EU has now said they may 'crack down' on governments who elect people they don't approve of. It's just more of the same from them, but it's not a good thing...
Originally posted by MarcinO
Media will do anything to attract people's attention to completely unimportant things so they do not protest.
It's a kind of Matrix/Orwell, whatever we call it.
Originally posted by jimkane
People better wake up soon. I'd say before it is too late, but I think we crossed that point a long time ago...
http://www.zerohedge.com/news/2016-02-21/french-president-threatens-suspend-nations-elect-far-right-polticians
RA
rat89
Rep: 0
Posts: 7,015
( o ) ( - )
Thanks Marcin! I can see the short here better than some traders with both eyes wide open
Thanks Marcin! I can see the short here better than some traders with both eyes wide open
Originally posted by MarcinO
Hi rat. Lots of charts despite issues with one eye!
RA
rat89
Rep: 0
Posts: 7,015
would you remind me what a 3D is again?
Originally posted by MarcinO
Area hit with finishing 3D. Now we will see.
Originally posted by MarcinO
Cable in a nice, smooth corrective move after a huge drop today.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
MA
MarcinO
Rep: 67
Posts: 5,506
Sure. Here's reference to Harmoning Trader website:
http://www.harmonictrader.com/price_patterns3d.htm
http://www.harmonictrader.com/price_patterns3d.htm
Originally posted by rat89
would you remind me what a 3D is again?
Originally posted by MarcinO
Area hit with finishing 3D. Now we will see.
Originally posted by MarcinO
Cable in a nice, smooth corrective move after a huge drop today.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
RA
rat89
Rep: 0
Posts: 7,015
Ah, had forgotten the term, thanks Marcin.
Originally posted by MarcinO
Sure. Here's reference to Harmoning Trader website:
http://www.harmonictrader.com/price_patterns3d.htm
Originally posted by rat89
would you remind me what a 3D is again?
Originally posted by MarcinO
Area hit with finishing 3D. Now we will see.
Originally posted by MarcinO
Cable in a nice, smooth corrective move after a huge drop today.
The first serious resistance at 1.4170-80.
I wouldn't be suprised if they closed Sunday's gap this week.
RA
rat89
Rep: 0
Posts: 7,015
it was awesome that they pinned it high into the close, at the .786 of the minor intraday high to low, and right where C=A for an end to this corrective move up. Note also the abcd ending with an almost perfect tag of 2116 - 1810 = .447 at 1947. They can go ahead and drop it hard now if they want to, and the lack of fear today makes it a perfect setup.
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Great chart, rat. I was going to post how I am loving this Die, pig action here, and how it tagged the very low end of my key area today (with a H&S pattern, too), so I am quite thrilled, and I then saw your chart. The two low Fibs I had were the 1.272 ext ret at ~43 and another key one at ~44 quart, and the high was 43.75. I thought it would push up a bit more and more deeply test the key lines (and I am more than ready if it does take one more shot up there), but otherwise it's just ride until the ride ends.
My strong preference is that they've had their fun, and we get back to some hard-core selling, and working on taking that low so far out with extreme prejudice. But, for that to happen, we have to get some news, I think, to give the excuse. The technicals drive it, of course, but until we get the excuse to shift the sentiment I don't think it will do much. Right now the fear of the Grexit is the top scary issue. Who knows tomorrow. You are very right about one thing, there is zero fear. 'Look, mommy, isn't that a giant grizzly bear in front of us in the path, looking all pi#$ed off that we are so close to her cubs?' 'No, son, that's just a nice big doggie, let's go pet him...'
My strong preference is that they've had their fun, and we get back to some hard-core selling, and working on taking that low so far out with extreme prejudice. But, for that to happen, we have to get some news, I think, to give the excuse. The technicals drive it, of course, but until we get the excuse to shift the sentiment I don't think it will do much. Right now the fear of the Grexit is the top scary issue. Who knows tomorrow. You are very right about one thing, there is zero fear. 'Look, mommy, isn't that a giant grizzly bear in front of us in the path, looking all pi#$ed off that we are so close to her cubs?' 'No, son, that's just a nice big doggie, let's go pet him...'