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    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Starting it off.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Interesting. It's acting like it is really going to dump.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    New low for the move. Let's see if it's just another inane sweep or a real move starting.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    what we see as a bear abcd to .382, is probably a minute (2) abc.

    viewing the move from 205.23 - 203.36 at minute wave (1), and the abc up to .382 at 204.08 as minute (2), minute (3) targets below are (3)=1.62*(1) at 201.77, and (3)=2*(1) at 201.06

    Click image for original size
    screen shot 2016 03 23 at 2 26 45 pm png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    That 26 is a nice support.
    Originally posted by jimkane

    New low for the move. Let's see if it's just another inane sweep or a real move starting.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    But 23 below looks more interesting.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    gdx end of day snapshot – price bounced at the median line this morning, and at where 18.98 – 21.42 = .886 at 19.26. Cci 10 cycled up as price tested the gap, and tagged the area where 20.65 – 19.25 = .447 at 19.88, then rolled and headed back to the median line like a magnet:
    Click image for original size
    screen shot 2016 03 23 at 4 02 02 pm png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Area for the Pound, posted yesterday, is now clearly divided in two sublevels. 1.4055 and the key one at 1.4010-20.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    And there goes a reaction off 55.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    95 was probably all it cen give.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    In went higher. 1.4115 may stop it.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Pound spot is 70 pips down from yesterday HOD.