Sorry for the ugly chart but at least it shows what I am talking about.
if we close in 9 min below the neckline, then the H&S is validaded.
We are hearing of sell stops at 1,3080. This will help fuel the decline. Let's see how it goes !!
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DislikedYes it is 1h chart.
Sorry for the ugly chart but at least it shows what I am talking about.
if we close in 9 min below the neckline, then the H&S is validaded.
We are hearing of sell stops at 1,3080. This will help fuel the decline. Let's see how it goes !!Ignored
DislikedYes it is 1h chart.
Sorry for the ugly chart but at least it shows what I am talking about.
if we close in 9 min below the neckline, then the H&S is validaded.
We are hearing of sell stops at 1,3080. This will help fuel the decline. Let's see how it goes !!Ignored
Dislikedmost know my bias on 2871 and beyond..will it happen? hmmm maybe.. will it be a straight line? no! will we pullback at times? yes.. will meteor hit north america and change my bias? no! if meteor hits north america ill be dead so bias will remain.. can other world events change my mind sure... its forex.. proven wrong changes mind and thoughts..if you cant role with the punches your soon to be an X forex trader. i can see it retracing to 3207 or 3243... and even possibly on a chinese leader talking out of turn or geitener 3500/35. these numbers...Ignored
Disliked1,3120, we closed at 1,3111.
Going short.
Added !!! : price might retest the neckline !!! it is how this pattern works. Price breaks the neckline, close under it, then retest it, then drop. So price might go up to 1,3120-1,3130Ignored
Disliked50min into US open and 40min before dow open
dow futures in a narrow range of 7960+-15points... Friday open value.
it might be amazing for US traders to witness broke of 8100 Friday afternoon
and after a weekend, come back to see everything start from 0 ............ as if a dream. O_O.........................
a fearful silence
http://billye2000.googlepages.com/dowzz.GIF
(note: below is old; +50 is dow)Ignored
DislikedPrice is currently retesting the neckline. Bulls are trying to invalidate the H&S and wash out weak shorts taken on that pattern
Let's see.
F.x could you give more information on the double bottom you are reffering to? thank youIgnored
DislikedThanks !! can you tell me which gap? I didn't follow yesterday open. thanks.Ignored
Dislikedthats been days ago, why u stay its still valid? and if u dont mind, could you explain the gap u talking about?
ThanksIgnored
DislikedWell for example, the triple top from a month ago is still valid, and you can go on the monthly chart and see double/triple tops/bottoms from ten years ago that are still in play...
I'm actually not convinced that we're going up from here, but I see several signals (daily double-bottom ("W" for short), W from last week, 50% fibo from last week's bull run, possible retest of 1.37, open gap from yesterday...) so it's as good a "guess" as someone that's going short due to following the major trend and expecting retest of 1.245 area.Ignored
DislikedJust look at that same chart I posted w/ the double bottom. You can see that we just shot straight down since markets opened yesterday and normally we'd come back to the starting point eventually.Ignored