Expansion
Here we have an intraday short idea based upon the third test of a descending trend line. The trend line is also part of a descending channel which has been respected multiple times as well. We can see a wick testing the trend line, then moving into a doji candle, showing the upward pushes momentum being tarnished. I believe this was strong enough...
Fractals and Market Repetitions. When the market crashed from the 2008 highs, it fell 77%. When the market crashed from the 2011 highs, it crashed 77%. When oil rallied after the 2008 crash, it rallied 243%. Now we've hit the lows of the 2014/15 downward move, I'm expecting a 243% rally beginning from the low. That will leave us around $91. After the attack on the...
