The Swamp

Quoting gatorinla

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The 12h pointed down. Under 1743 points down on the larger chart. A good unemployment number would still require breaking those the 4h and 6h supports. The 12h has a support at 1617. It needs a 12h close below it to break 1617. The day support is not until 1510, The day support last time was 1470. It held 1470 last try. I cant say it will be a good number, but if it is. These may be in play. The next 6h close is LC. If below 1660 Its likely bearish to 1617. A day close below 1617 opens more. 1617 is less than 100 pips. ADR has shrunken to 51 pips....

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Quoting gatorinla

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Here is a current bearish break out near testing 6h support The 12h sits at 1647.5 another 12h 1711. If I'm right about 1743, pa may fall about 400 pips. Or at least thats what happened last year on the down legs. {image}

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Quoting gatorinla

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{quote} The 4 support did break.. pa is still above the 6h supports 1670 and 1665. Atm when under b/o down mode under 1683x. Later that will drop to 1680. When sustained below 1683x.. A 6h close below 1680 can still be above 1670 and 65 support. But a 6h close below, a high% of the time, is followed by the 12h aligned.. It does look like the 6h support will be tested. If it breaks, or not this time is unknown. Bears don't look weak with pa below 1743 and 1683 (later 6h below 1680). LC is 1689. A 6h close in 4.5 hs under 1680 points bearish, granted...

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Quoting gatorinla

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{quote} {image}

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Quoting gatorinla

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{quote} {image} {quote} the 6h closed below 1783.. it atm looks sustained below 1780

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Quoting gatorinla

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{quote} The 4 support did break.. pa is still above the 6h supports 1670 and 1665. Atm when under b/o down mode under 1683x. Later that will drop to 1680. When sustained below 1683x.. A 6h close below 1680 can still be above 1670 and 65 support. But a 6h close below, a high% of the time, is followed by the 12h aligned.. It does look like the 6h support will be tested. If it breaks, or not this time is unknown. Bears don't look weak with pa below 1743 and 1683 (later 6h below 1680). LC is 1689. A 6h close in 4.5 hs under 1680 points bearish, granted bears would need to break the 6h support. 1689 again could happen before a fall.

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