Disliked{quote} Seems the impossible did happen and the days down move did indeed end. Saying anything concerning FX is impossible shows a certain naivety but hopefully, you didn't lose any real money.Ignored
Look here. The green vertical is the last swing low on M30 YESTERDAY. After that, did the down move of that day end? No, it did not. The lowest low of the day was indeed prior to that last swing low, but there is no EVIDENCE that the day's down move is ended. What is shown is that the day's down move has POTENTIALLY ended. But with not a single higher high in sight after the day's lowest low, all you have is INSIDE movement (consolidation, whatever) between the two dashed blue horizontal lines. The evidence is that the move has stalled, but no evidence that it has ended. You can see by the red trend lines that even going into today, no higher high was made before lower lows were made, so yesterday's down move CONTINUED into today!
On another note about logic, my statement that it is impossible for M30 to end a move if M15 has not ended the same move is simply a matter of FACT. No larger TF can EVER end a move before EVERY TF that is smaller has ended that move, because EVERY TF smaller than the larger TF is a zoomed-in view of what is BUILDING the larger TF. If the smaller guys don't show show that they finished building their part, then it it IMPOSSIBLE for the largest guy to show that his part is finished.
To free Gazans of Hamas, use whatever it takes.