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In my experience, double tops have proven to increase the probability for reversal by a significant amount as shown on 4h chart here;Ignored
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In my experience, double tops have proven to increase the probability for reversal by a significant amount as shown on 4h chart here;Ignored
DislikedAnd look at e/u. Really interesting development to the downside. I didn't see price going down below this support but I couldn't be more wrong. Unless this is a fake-out like e/u loves to do. If not, this drop should be significant.Ignored
DislikedGood morning Aediaz,
I am expecting the E/U to go up, but it is not ready to move yet. When I look at the G/J Daily it really looks down. I am just watching now.Ignored
DislikedLate respond, haven't been around today. Seems like you where right. G/J going down and e/u haven't decided yet.Ignored
DislikedAediaz,
It is decision time for the E/U. Will it go up, or will it hit my TL and go down? GJ still wants to go down.Ignored
DislikedHello Aediaz,
Check my thougts about the U/C. I am thinking it should go down, and the first target will be 100 pips. Of course, it can go up from where it is now, and move up pips. Time will tell. How would you play this?Ignored
DislikedLooks like cable is going in the same direction, failed to brake upper line, should try to seek for new lowsIgnored
DislikedHi Aediaz, DCB and every one else,
Can any one tell if there is a rule of thumb for fake breaks? Is there any indication? Perhaps Stochastics being at its limit while at the breaking point?
One other thing dcb, I am not sure, but the break might of have pulled back due to the news???? (not sure, because it would not make much sense...)
Wish you all the best.
Jupiter.Ignored
DislikedGot wedge on 4h. If we look at daily we have more room to the downside. Been channeling downward slowly since end of February;Ignored