I drew some more stuff up kinda like my last idea which worked out in the short term. Though, I am looking for the long term play. 100 cent move plays. This bounce is very crucial. Watch the line as it begins its descent to the trend line. Bounce for bullish or fall through for bearish. As far as where the market goes today? My honest opinion is today in the short term, short. As in we fall below 17.00 today. Though if it bounces around that 16.75 range it could be the beginning of a very long-term bullish play. If it falls through that 16.75 range... short. We could see it break the support line long term i drew at around 16.30 however if it bounces it could be the long long journey to 18-20.
SCENARIO 2-We move in between the two lines which is just garbage PA which just prolongs the inevitable... it could be bullish or bearish in that range wait for the real play above.
SCENARIO 2-We move in between the two lines which is just garbage PA which just prolongs the inevitable... it could be bullish or bearish in that range wait for the real play above.
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well we broke 17.00 just now
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broke 16.90
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my new idea shows a very strong possibility a rally is incoming following this short. and its the big one. the one we been waiting for.