* Very likely big bearish wkly candle close in 30mins or so @ at least 103% of the 13week (1/4 year) awr. 5 consecutive LH's on that wkly t/f now.
* Likely bearish bodied dly candle close - could be an inverted hammer though, albeit bearish bodied? another > 30day adr day today. Note though that this week there has been a downside follow thru despite last wk's wkly similar bearish-bodied inverted hammer!
*1hr/4hr/dly/wkly t/f's close the week in general downtrends. No big surprises there given the global macro/fundie situation.
* Point 5 of the 1hr expanding triangle (if it works out) will be @ a fib extension of move 3-4.
** Next week as this, so much depends on the overall fundie situation. A worsening Ukrainian situation could see a further move of capital into so called safe haven assets. Big week coming up re Us Fed's Fomc and Uk's Boe's MPC. Will either Central Bank blink re the Ukrainian situation? Anyone on the 1st news of the Ukrainian invasion who didn't immediately buy $, gold, and oil, (although oil is more prone to so many variables versus for eg gold,) missed out and doesn't understand basic fundies. This was free money!
Wkly and 1hr below.
* Likely bearish bodied dly candle close - could be an inverted hammer though, albeit bearish bodied? another > 30day adr day today. Note though that this week there has been a downside follow thru despite last wk's wkly similar bearish-bodied inverted hammer!
*1hr/4hr/dly/wkly t/f's close the week in general downtrends. No big surprises there given the global macro/fundie situation.
* Point 5 of the 1hr expanding triangle (if it works out) will be @ a fib extension of move 3-4.
** Next week as this, so much depends on the overall fundie situation. A worsening Ukrainian situation could see a further move of capital into so called safe haven assets. Big week coming up re Us Fed's Fomc and Uk's Boe's MPC. Will either Central Bank blink re the Ukrainian situation? Anyone on the 1st news of the Ukrainian invasion who didn't immediately buy $, gold, and oil, (although oil is more prone to so many variables versus for eg gold,) missed out and doesn't understand basic fundies. This was free money!
Wkly and 1hr below.
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
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