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Dislikedjust thought id share too i know the consesus is turning bullish for G/Y but i still think that it may bounce from the 1 HR gann-hilo and then perhaps resume downtrend..
anythoughts?Ignored
DislikedOnce a trend line is broken, it often becomes support (when initially resistance) or resistance (when initially support). This happens time and time again. Right?
PS. I think we just got that bouce - breaking out of the down sloping wedge to the upside... DLHC.Ignored
DislikedIt's definitely possible, that's why we wait for confirmations before pulling the triggerIgnored
DislikedThanks Karmo! your comments are especially appreciated! lets wait and see.. im looking at the 229.40 area to short..Ignored
DislikedThere is a Head and shoulders pattern on the 1 hr.
Edit: A break below todays low would see the h/s play out before longs take over. Just a thought.Ignored
DislikedWell, I'll step out on a limb and post this idea again. This Daily chart shows that price retraced from the last major move down and banged off of the 38.2 Fib line three times. At that point, notice that Stochastics was OB, so price retreated back down to a bit beneath the 61.8 Fib of that move up. Price did not achieve a lower low at that time, but rather it turned back up. Notice that Stochastics turned back up as well right around the its 50 line. We have since achieved new highs, which include two Day-closes above the 38.2 Fib line. Today could end up bearish, based upon Daily Momentum indicators, but IMO, before any major move down, price is going to go back up and hit at least the 50 Fib line at 231.30, and it could decide to go all the way up to the 61.8 Fib at 233.70, which you'll notice is also right near the Daily 200 EMA. How's that for serious, Arezab?
M2BIgnored
Disliked1 hr g/j h/s
We are also trading under the 200 ema on the 4 hr and the 50 ema on the 1 hr.Ignored
Dislikedtoday being the last day of the week , i dont expect much massive movements. shorter term profit targets should be in play. as it is the market has been very slow today. trade what one can.
fer.Ignored
DislikedNow.. what everybody going to say?
Anything else more?
After all the news had been released this week.. much assumption, theory and analysis had been made, the price stuck at 228.60 - 80 now..Ignored
DislikedThat is a nice analysis.
But, what arguments do you exactly have to support the conclusion about price going up? You say that momentum is bearish, and also stochs seem to near to OB limit. So imo the conclusion is that price will move down, not up? What do i miss here?
Ok, you sent an other post after the first one which pretty much answers to my questions. Thanks.
Closed my shorts at daily pivot. Hope i do not regret this on Monday.
RIgnored