This time with a fancy chart and all explanations inside. Feel free to discuss,like and comment. Tell me what you think will 8 k area hold?
We have fractal cups. We have mirroring. Here's a likely scenario based on the two.
Mirgor no pudo nuevamente contra la resistencia en los $520. Necesitamos ver ruptura con alto volumen negociado para ir a buscar nuevo target en techo de canal (zona de los $680). Soporte inmediato $470. MACD en velas semanales apoyando hipótesis alcista. Veremos qué dice el mercado. (nunca considerar como recomendación de compra/venta de...
CBOT_MINI:YM1!
Chart needed for request on support page. How to draw in mirror mode ?
I expect a mirroring of the price action from the left side of the B point. Thus the CD leg should have the same (negative) slope as the XA leg. Then I noticed that it would form a harmonic pattern and I checked out the harmonic ratios. Turnes out that all are fib ratios. The OTE sweet spot is actually a fib ratio, too, but not many know it. Out of interest I...
We seem to be mirroring the price action from the left side of the triangle. Potential rally incoming ! Watch the falling wedge. Best long entry at triangle bottom. Keep adding to your long if price bounces and breaks out of the falling wedge. Tight initial stop loss. If price fails to break out of the wedge take profit / get out at breakeven.
We had a little little resistance at 8:30PM GMT, the price shuttled and dropped around this and pressing on this idea I believe we'll see a raise and decline again according to the Greece news tomorrow. So I've set my stops accordingly and the TP is set probably a little ambitious for my usual takes but I'm hopeful that I can push out this further than...