Starting it off.
Al
MA
MarcinO
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I am not really sure if the bullish correction is done for the Pound (6B H18).
The most preferable scenario is a reaction to 1.3870, testing TL's, and one more leg down.
The most preferable scenario is a reaction to 1.3870, testing TL's, and one more leg down.
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MA
MarcinO
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Posts: 5,506
If, there is one more leg down, I guess it may stop at 1.3785-90.
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MarcinO
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Posts: 5,506
It needed one day more but it's there, now!
Time for reversal or continuation into 1.40 area?
Time for reversal or continuation into 1.40 area?
Originally posted by MarcinO
New high instead.
That makes me wonder if we are going to see 1.3940 today.
MA
MarcinO
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Posts: 5,506
Cable (6B H18) gave some reaction off the area.
The best level lower is 1.3845.
The best level lower is 1.3845.
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MarcinO
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Minor support areas at 1.39 and 1.3870 (all prices for 6B H18 contract).
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MarcinO
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At this point 1.3870 looks like the most likely level to stop Cable today.
RA
rat89
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Posts: 7,015
The algo traders are still in gld, gdx, and nem, and have quite the sense of humor...
fibwise, after the initial high Monday, gld had the following in place:
117.40 - 129.51 = .382 at 124.88
124.39 - 128.70 = .886 at 124.88
123.57 - 125.69 = .382 at 124.88
fibwise, after the initial high Monday, gld had the following in place:
117.40 - 129.51 = .382 at 124.88
124.39 - 128.70 = .886 at 124.88
123.57 - 125.69 = .382 at 124.88
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rat89
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Posts: 7,015
if the alternate count kicks in here with price at the double .618 high today, then wave (3) of C is about to kick in, where (3) targets 250 and C=A at 245
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