there is a very strong symmetry of moves on the gj right now
the symmetry is 1000 pips down 1400 up . That takes the down move into 135
I have also used dynamic trader to look at confluence of fibs . I have used the recent highs and all of the pivot lows on thew daily to plot out fib retracements . seems the important zones are 136.5 , 134,5 , 130
the third chart os showing high volume pivots for last 15 days . The blue lines mark where there are strong support areas . ( 2 days coincide) 138 ,137 and 135 are these zones .
based on this i see 1st target 137 and then 2nd 135 , If symmetry of moves holds then 135 should form support for move to 149
the symmetry is 1000 pips down 1400 up . That takes the down move into 135
I have also used dynamic trader to look at confluence of fibs . I have used the recent highs and all of the pivot lows on thew daily to plot out fib retracements . seems the important zones are 136.5 , 134,5 , 130
the third chart os showing high volume pivots for last 15 days . The blue lines mark where there are strong support areas . ( 2 days coincide) 138 ,137 and 135 are these zones .
based on this i see 1st target 137 and then 2nd 135 , If symmetry of moves holds then 135 should form support for move to 149
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