So first of all is 16/8 and a $1897. A must buy and an absolute bottom. They might try and break through, but it will hold. Next is 17/8 which is a very very bold move. I've done alot of researching and there is nothing else comming up exept this level. I say again, its a huge move in a very short time. I will play for it that's for sure. After that i can't give you much promise, because there are two options, we eather drop to $1891 or we move in range. For sure there will be reaction when the cycle at 17/8 finish and we will see a drop, but price might eventually climb back up. We have to wait and see.
Good luck!
Good luck!
Comment:
Again apologise for updating so frequently. I'm still learning and trying to nail these cycle price points.
Comment:
If 1897 not hit by the open of new york, there will still be a bottom in the area. I just can't really tell where exactly. There is something i don't quite understand in the calculations, so those of you who want to trade it, a window of 1 hour at the open of NY is a good entry. I will be holding position untill Friday and see where price heading.
Comment:
SO here's the deal. If i dont see any good dip to $1903 in the NY OPEN SESSION i will not be placing any trade, because i dont like the price action. All my positions are closed. On the other hand if i see a dip i will BUY and i will hold utill NY session on Friday. No price targets, just time value
Trade active:
Opened a trade at $1903. I will open a bigged position if price dips lower. Target is eather $1915 or Friday NY open session.
Trade active:
Another position opened at $1901 Now waiting.
Comment:
Time to play some video games while the markets doing its thing. I will update when i close my positions.
Trade smart.
Trade smart.
Order cancelled:
I've closed my positions, somehing looks fishy. I dont like it. Cycles might have inverted and price might head lower. I prefer to stay away the other dates.
Comment:
I've hopped on a sale because i think cycles inverted. I'm willing to take the risk. Week has been a disaster for me and i cant get any worse now. If i'm right, $1907 level should be unpenetratable for the next 2 days. that may lead to price heading much lower, because the higher cycle will be force to look for other mathematical equivalent to complete. I'ts a gamble i'm willing to take with small contract.
Comment:
We are probbably looking at a huge waterfall comming with atleast $40 drop. I'm not giving any potential price points atm, only dates.
Comment:
There are far bigger and powerfull cycles at play here which i havent researched yet. They are driving the price down like this.
Trade closed manually:
I closed my positions at 1893 early this morning. Fast reaction before the drop, it was a close call. I'm done for the week. I will wait Teusday next week to look for a sell oportunity. Happy trading everyone and stay smart.