I agree with you. But something bugs me about pure tech patterns sometimes. For example, we know that volume is low today just by virtue of the fact that Japan has a bank holiday. So we've basically seen only the Aussies pushing the market one way or another during the asian session.
Of that Aussie session, a lot of the markets have been flat anyway due to the Melbourne Cup. Lol, even on the business channels you could see National Australia bank and other brokers with the melbourne cup on big tv's in the background lol.
But anyway, these patterns were created based on lighter volume than usual. London will open soon and it will be interesting to see what happens.
I'm a tech trader as well but I always like to think about 'general conditions' so far general conditions have been pretty flat during asian trade at least on the ASX. Nothing too dramatic happened even with the interest rate release by the RBA that I can tell.
I'm also wondering why we didn't fall further during yesterdays london/Ny session. Just makes me think we will be going higher during this London/NY session. Always watch the charts but I am thinking..and curious...
Of that Aussie session, a lot of the markets have been flat anyway due to the Melbourne Cup. Lol, even on the business channels you could see National Australia bank and other brokers with the melbourne cup on big tv's in the background lol.
But anyway, these patterns were created based on lighter volume than usual. London will open soon and it will be interesting to see what happens.
I'm a tech trader as well but I always like to think about 'general conditions' so far general conditions have been pretty flat during asian trade at least on the ASX. Nothing too dramatic happened even with the interest rate release by the RBA that I can tell.
I'm also wondering why we didn't fall further during yesterdays london/Ny session. Just makes me think we will be going higher during this London/NY session. Always watch the charts but I am thinking..and curious...
DislikedLooks like FLAG, smells like FLAG... it is a FLAG... [j/k]
YUP.. all retrace is a flag with Possible projected target at 143.75... but.. Im watching all asia session that Trigger as a Descending triangle above the DPP..
I wait on some more Volume to push that under the DPP. and play the Flag..
[Chart]Ignored