thanks jaroo....yup i already found this thread.......do you go in there?
kim
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Dislikedthanks jaroo....yup i already found this thread.......do you go in there?
kimIgnored
Dislikedlooking at that as well but my stochs are approaching oversold levels ( i know that doesnt mean alot with the pj) but i am expecting a possible retest of that breakout TL at least. we shall seeIgnored
DislikedNice analysis Steve! What do you see as a retracement for G/U? I'm looking at daily charts and drew out a fib from around 1.9717 to around 2.0225 roughly. THat plots out a 50% retracement at around 1.9960-70. The daily 5 sma is at 2.0010 or so and the weekly is way down there around 1.9860-70. That's spelling out a solid retracement possibility for the short term (upcoming days) IMO.
Now, add u/j to the mix, where we could very well be seeing a bounce soon (next coming days) and that gives us probably another 100 pips down overall before continuing upwards. I have higher targets for U/J at 105-106 for the bounce, which is about 300 pips from here. Once G/u finishes that retracement, I'm looking to see 2.04 and possibly higher. Looking longer term, the monthlies are beauties for bullishness.
Overall, that would land g/j a good bit higher from here to at least 210 IMO before any other movements would happen.
What do you think? Or am I just stupid lolIgnored