If it doesn't stop at the trendline ~1.1550 or so, then it'll already become a big bull's massacre slaughtering. However, if there's still bulls existent, that really houldn't happen (although anything can happen).
- #140,301
- Sep 30, 2021 6:06am Sep 30, 2021 6:06am
- Joined Mar 2020 | Status: Trader | 1,129 Posts
If it doesn't stop at the trendline ~1.1550 or so, then it'll already become a big bull's massacre slaughtering. However, if there's still bulls existent, that really houldn't happen (although anything can happen).
- #140,303
- Sep 30, 2021 6:09am Sep 30, 2021 6:09am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #140,304
- Sep 30, 2021 6:10am Sep 30, 2021 6:10am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #140,305
- Sep 30, 2021 6:13am Sep 30, 2021 6:13am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} Yes.. the whole weekly candle indicates that a sharp recovery could be in play. Beware! (Not just the day.. the whole week is likely to become a bear trap!)
...because you never know - until you do!
- #140,306
- Sep 30, 2021 6:18am Sep 30, 2021 6:18am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #140,310
- Sep 30, 2021 6:50am Sep 30, 2021 6:50am
{quote} I mostly swing trade. This is how i see the weekly. It looks like a new cycle is about to commence perhaps sometime between the 6th to 10th of October. Looking for price to do one more leg down and then a buy opportunity perhaps between 6th - 10th. we'll see. {image}
So far so good, Will look for buy opportunities next week.
- #140,311
- Sep 30, 2021 6:57am Sep 30, 2021 6:57am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} Sorry Ata, but how today if it drop to 1.1488 you mentioned, does it whole week still a bear trap?sorry no mean to underestimate, but this drop is horrible and have a meaning that we might see a new low will come.
Focus only on what truly matters!
- #140,316
- Sep 30, 2021 7:56am Sep 30, 2021 7:56am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Bulls still somehow toothless. I'd love to see some recovery. Therefore bulls need to push it close to 1.1600 rather sooner than later.
...because you never know - until you do!
- #140,318
- Sep 30, 2021 8:14am Sep 30, 2021 8:14am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Is this called free falling?
Its all about Timing!!!
- #140,319
- Sep 30, 2021 8:22am Sep 30, 2021 8:22am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Is this called free falling?
With the HUGE 6.1% inflation rate that printed this morning there "should" have been a market reaction but there wasn't. That tells me that this market is waiting until either the Powell speech or after the close of the month. Just my thoughts but I highly doubt anything until we get a catalyst. Personally I wouldn't mind a slow "bubble north" but I believe that scenario is highly unlikely.
...because you never know - until you do!