DislikedShow of hands. Who thinks the next stop is 154.55?
Depending on the PA at that point I may hop another short.Ignored
on upper levels, we may test the 153.70 - 154.00 ///
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DislikedShow of hands. Who thinks the next stop is 154.55?
Depending on the PA at that point I may hop another short.Ignored
DislikedI'm no expert but the weekly trend line broke and I read there is always a retest,could the going back to 155 be the retest before the fall?Ignored
Dislikedwell, if you're thinking that break of 153 would mean falling big time... just keep in mind that it is never that easy.
it might test the lows then head up again to mid 156 area. check that on daily charts, you will find it very interesting.Ignored
with the LTL at 153.00; If that is the case/.. then this is very bearish pattern, - a Stopping one, or Reversal pattern on Bull move... Be carefull with TLnes. Gann 4h crossed, However after the cross, we may have a 5sma [4h] as a retreacement here
Moscow open in 0:30 Dubai in 1:30min; we should see some more volume kicking in very soon...
cheers
Disliked(IGM)[BORROWING FROM THE FED] fell $4.474 bln to $111.893 bln on a weekly avg basis but was up $0.804 bln Wed-to-Wed...
[BORROWING FROM THE FED] fell $4.474 bln to $111.893 bln on a weekly avg basis but was up $0.804 bln Wed-to-Wed to $113.286 bln in the statement week ending Jul 15. The Wed level was $1.393 bln above the weekly avg. Primary credit borrowing fell $0.509 bln to $34.457 bln wkly avg and was up $0.223 bln to $34.743 bln w/w. Secondary credit borrowing was...Ignored
Dislikedi've a question, here's a weekly chart. Yes, GJ did break the trendline going up, which would mean it falling, however we are above both SMA (don't not sure which ones), on weekly for first time since July of 07? So I guess judging by SMA we could be in an long-term uptrend until it wants to get below, which could be 240 or whenever. But if we're just looking at the recent rally from 120 to 160 then maybe it's different. Anyway, just wondering thoughts.
AttachmentIgnored
DislikedRAZA!!
hmmm. looks to me as a Descending Triangle http://chart-patterns.netfirms.com/descending.htm.. with the LTL at 153.00; If that is the case/.. then this is very bearish pattern, - a Stopping one, or Reversal pattern on Bull move... Be carefull with TLnes. Gann 4h crossed, However after the cross, we may have a 5sma [4h] as a retreacement here or lower... on some other Resistance..
Moscow open in 1:30 Dubai in 2:30min; we should see some more volume kicking in very soon...
cheersIgnored
http://www.chartpatterns.com/images/fcfall~1.gif
I could be wrong..
DislikedOK, bro.. there are many ways to look on that patterns.. but,...when some RUN or trend ending with a formation of a Descending triangle, that "usualy" is a sign of distriburion - end of the run, or reversal pattern..
the other way is when we are in down trend, and we are forming a FLAT bottom... - then we may break the UTL..
However, the option of FAILED one is always open in both cases..
[and note.. also.. this is not a faling wedge.. the LTL is a horozontal line..]
cheers!Ignored
Dislikedrofl .... funny ....google market manipulation your eyes will pop out of your headIgnored
DislikedOK, bro.. there are many ways to look on that patterns.. but,...when some RUN or trend ending with a formation of a Descending triangle, that "usualy" is a sign of distriburion - end of the run, or reversal pattern..
the other way is when we are in down trend, and we are forming a FLAT bottom... - then we may break the UTL..
However, the option of FAILED one is always open in both cases..
[and note.. also.. this is not a faling wedge.. the LTL is a horozontal line..]
cheers!Ignored