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MarcinO
Rep: 67
Posts: 5,506
On the way to 40s area, there is also substantial resistance around 2020.
It includes two sublevels: 22-24 and 13-14, below which ES finished Friday.

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es 2016 03 13 png
JI
jimkane
Rep: 3,058
Posts: 33,089
So, I'm perusing over at Zero Hedge, and one guy mentions "...a 76% Fibonacci retracement." This gets the following reply from a guy: "Fibonacci is mumbo-jumbo." I guess I should be glad, it's people like these that make what we do possible... Instead, though, it mostly just p#%$es me off.
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MarcinO
Rep: 67
Posts: 5,506
So they are useful, unlike random walk theory supporters, who stay away from the markets.
Originally posted by jimkane

So, I'm perusing over at Zero Hedge, and one guy mentions "...a 76% Fibonacci retracement." This gets the following reply from a guy: "Fibonacci is mumbo-jumbo." I guess I should be glad, it's people like these that make what we do possible... Instead, though, it mostly just p#%$es me off.
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MarcinO
Rep: 67
Posts: 5,506
That my provide some interesting context on Monday. Later during the week US/FOMC information will be more important.
http://www.zerohedge.com/news/2016-03-13/merkel-heading-humiliation-state-elections-swing-anti-immigrationists
MA
MarcinO
Rep: 67
Posts: 5,506
1.4345-50 and 1.43 are my next levels for the Pound.

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6b 2016 03 13 png



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6b 2016 03 13 2 png
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MarcinO
Rep: 67
Posts: 5,506
Cable 20 pips above the first level, after a very nice pullback.
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MarcinO
Rep: 67
Posts: 5,506
Area hit, followed by 25 pips reaction.
MA
MarcinO
Rep: 67
Posts: 5,506
Careful here.

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6b 2016 03 14 png
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MarcinO
Rep: 67
Posts: 5,506
1.4410 is next.
MA
MarcinO
Rep: 67
Posts: 5,506
80 stopped it.
MA
MarcinO
Rep: 67
Posts: 5,506
This is usual time for Pound to start moving, so I wonder if this is a starting point to attack 1.43.
RA
rat89
Rep: 0
Posts: 7,015
add modified schiff set - solo and on prior chart in aqua

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screen shot 2016 03 19 at 6 37 37 pm png

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screen shot 2016 03 19 at 6 34 58 pm png