a question to everyone including karmo my brother
which world entity currently has money supply enough to take GJ up beyond 174.28 barrier.
which world entity currently has money supply enough to take GJ up beyond 174.28 barrier.
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Dislikeda question to everyone including karmo my brother
which world entity currently has money supply enough to take GJ up beyond 174.28 barrier.
Ignored
Dislikedthose are called fib zones, if you plot them directly on charts as lines;
here's two charts, one is a weekly from 251 (highest high in recent past) and the second is a daily, from the most recent high (215) down;
now if you notice, every fib zone line once crossed down is due a retrace, up to the first normal fib retrace level of that move down; if that fib breaks we going up to the next fib level, if it holds the thing is going down for another tumble..;
and thus we are now below the -6765 FZL from 251, which is ...outrageous
not only that, but also the previous fib zone line crossing (-2584 on daily from 215) didn't get its normal retrace (yellow circle), so that makes now two fib zone lines that are crying for retrace - see analogy higher up (-610);
23.6 or 177.75 is the first fib line that needs to be touched on the way up, if we follow the daily chart from 215;
if everything goes fine with that, we go up further to the next significant level, the 185-186, which should correspond to both the 38.2 FR from 215 (blue), and the 23.6 FR (white) overdue to -4181 fib zone line crossing, and the 23.6FR from 251; From there, we'll see.
At this point, I don't see potential for a lower move, considering that two fib zone lines are overdue retrace, and everybody is sick and tired of current fundamentals; On the other hand, I see 186 as the test for a definitive trend change in the coming weeks; and of course no need to mention, these are daily and weekly bars, expect high volatility and noise around.Ignored
DislikedThe Japanese and US markets are on holiday on Monday
I'm gonna wait for London to open before I start tradingIgnored
DislikedIt's possible the european markets don't open today.
It is also possible we get a freeze on currency trading by the end of the week.
It either completely blows up this week or we get a brief calm period. I really don't know which way it will go.Ignored
Dislikeda question to everyone including karmo my brother
which world entity currently has money supply enough to take GJ up beyond 174.28 barrier.
Ignored
QuoteDislikedThe scale of the fundraising could lead to trading at the London stock market being suspended. This would give time for the market to digest the impact of the moves.