A fib from the swing high of 3800 to the low of 3596 gives a 38.2 at about 3674. A good break south from there will see me short to 3605, and a longer term short to 3410........
5c
5 years?!!no ,shortcuts?
I'm no expert but we've touched the 50MA on the 4H and started to move down again. 1.38 has held (more or less) so i'm looking to short again once this retrace is over.
Take with a hefty pinch of salt though.
A fib from the swing high of 3800 to the low of 3596 gives a 38.2 at about 3674. A good break south from there will see me short to 3605, and a longer term short to 3410........
5c
Shortcut usually leads to shutdown (been there, done that, got a t-shirt).
Will be much more worth if it is right...
Here Matt, this is what I trade from....
Not trying to sell you on it, just showing.
I like the historical data of trend and price action that 8 hrs. provides without being "too far out there" and not too fast.
Simple, shows all the info I care about in order to call a trade, and gives me a decent perspective of where price may go from here.
MuddBuddha,
Great chart! Thanks for sharing. The first touch of 3600 looks like a very nice pin bar... (Mmmm, I should update my periodcon indi..). One would expect the price to go on a little higher to 3850 (previous low) on such a beauty, but it did not... Does the current set up show a double bottom potential? I think - yes. May be to 4000 this time? Only time will tell. If there will be a decisive close above 3900 with pullback, then ...
