I might be wrong, and yeah doesn't sound very sure when a trader start by saying this..But I just like to say it, repeat it and inscribe it. Market is never sure, so everything, every TD -0.59% is nothing more than an argument-ed perception of what the market might do :))))!!! There are just so many magic crystal ball's of traders out there that make it sound as if it is all a sure science...Yeah not, quite the opposite :))))
Iac let's check at this beautiful Monday morning charts
Again one of those charts where you might think wtf is happening and what can I do.....
What t0 do in those moments, just look into the past and look at what has been happening. As you see the big blue trend line pointing down is still pretty much intact. I can see a big ABC correction that finished and the completion of the first 2 waves, this gives me at least a strong indication that the next wave (the strongest wave, is about to start). It is a assumption and not a fact
If you wanna place it safe, you see that blue line under those green arrows (fractals, you have two fractals having lower high's and lower lows, if a third candle will follow with the same setting, it's as a safe bet you can have to short this beauty (or you can wait for a second candle forming under the previous resistance from the fractal )....It's your play anyway :))))))!!!!
And in case we go down hard, I expect we ll bounce somewhere at 6130!!
Happy Monday trading guy's...And if you think i m really completely screwed up....Please like the TA, nothing better than someones ego right ;)!!!!
Iac let's check at this beautiful Monday morning charts
Again one of those charts where you might think wtf is happening and what can I do.....
What t0 do in those moments, just look into the past and look at what has been happening. As you see the big blue trend line pointing down is still pretty much intact. I can see a big ABC correction that finished and the completion of the first 2 waves, this gives me at least a strong indication that the next wave (the strongest wave, is about to start). It is a assumption and not a fact
If you wanna place it safe, you see that blue line under those green arrows (fractals, you have two fractals having lower high's and lower lows, if a third candle will follow with the same setting, it's as a safe bet you can have to short this beauty (or you can wait for a second candle forming under the previous resistance from the fractal )....It's your play anyway :))))))!!!!
And in case we go down hard, I expect we ll bounce somewhere at 6130!!
Happy Monday trading guy's...And if you think i m really completely screwed up....Please like the TA, nothing better than someones ego right ;)!!!!
Comment:
Seems the correction wasn't really finished and now it is. Don't worry for tht big green candle still in the downtrend channel. A break from that high would clearly nullify my market guess :))))!