drop is dependent on where we are in the cycle and which phase its parent phases are on. On this particular phase we are on the up side of its parent so the drop here i am expecting not to be so big and after that we should see some extremely price action. But i just want to call every major move up and down one at a time. So here i have been short since 8400, i had planned to get in at 8500 but it briefly hit 8500 while i slept.
So this TA i am sure of enough to be making a trade on and i have gone short myself here.
If we reach 8600 the trade is no longer valid
all markets are a natural phenomenon and all share the same behaviour although chaotic as it seems. So making sense isnt actually something that i factor in, In fact since June when i started developing my own TA method my trading has improved unrecognisable, and it is because what i have discovered is actually the reason that every TA method works. I Even called a cup handle forming even before it made the first candel of it, reason being is because i understand how why and when every elliot wave, every head and shoulder cup handle rounded bottom....If you are interested in hearing more about my methods i will be happy to explain more, it is truly mind boggling once you see the markets in a multi dimensional moving developing way rather than just a one dimensional 2d flat chart. If we hit 7300-7600 in the next 6 days no doubt you might be more interested to know what i am banging on about....as they say results speak for themselves :)