Breaking daily 5ma will release the big bear out.
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DislikedDoubt that. PA need to close daily candle below daily GANN and LTL of the upward channel on daily TF and then we will see bearish continuation.Ignored
DislikedInteresting to look at the daily chart. It looks bearish to me, perhaps because of the countless rejections of the 135.7-136 zone over the last many weeks. Yet all bad news has been bought and fully retraced. Doesn't feel like the last 2 days have been downers with all the insistent up bounciness. MACD shows building strength. Appears to still be above the GANN with room to fall yet remain bullish.
If the manipulation is to continue upwards we're going to have to retest the lower channel TL 132.5/7 zone and then 130.5 IMO. Suspecting tomorrow...Ignored
DislikedEvery gbp pair I see..it looks like gbp is set for a Drop...But its not dropping Yet...
Not sure what it will do with YEN ...Pairs against Yen are in Neutral zone..slightly Bullish...
RIGHT NOW ITS NOTHING bUT INDIE TRADING GOING ON...
But I believe a Big move is waiting...which ever way it goes..I dont think we will see these Levels for a Long Time...
If it Dips in Two digits...This will become Strong resistence(133-134)
If Up support...Ignored
DislikedAgreed... I favor the dip bias right now followed by a potential scenario where we retrace back up to 134.00/50 or so and then one more push down to break the rising trend line that everyone sees. That would constitute a break of the bear flag on the 4H/daily and we'd expect further price drops. Of course we could see the opposite which just means that the bear flag continues and the break is prolonged.Ignored
DislikedYes, close below dily 5ma, will give us the test for daily Gann. She still inside channel, Daily Gann can't hold it, we'll see going to test low again. CheerIgnored
DislikedI think its better to leave it alone for now...till better set up appears..
I see 4 hr getting Bullish Again...
I am looking at other pairs for Scalp...
In the meantime I am trying to make sense out of this pattern on 1 hr and 4Ignored
Disliked2 charts with tick balance... just an experiment for now.
what i did was this - at the "end" of trading day (ny close), i look at tick balance for the day (no.upticks - no.downticks); sometimes it's negative, sometimes it's positive... then, i added net tick balance for the last 5 days (that would be a working week) and i wrote the result near last closed daily candle, so each of the numbers that are written on daily candle are actually the tick balance for the last 5 days.
and now let's analyze this data.
g-j: for the last 5 days, we...Ignored
Disliked2 charts with tick balance... just an experiment for now.
what i did was this - at the "end" of trading day (ny close), i look at tick balance for the day (no.upticks - no.downticks); sometimes it's negative, sometimes it's positive... then, i added net tick balance for the last 5 days (that would be a working week) and i wrote the result near last closed daily candle, so each of the numbers that are written on daily candle are actually the tick balance for the last 5 days.
and now let's analyze this data.
g-j: for the last 5 days, we have...Ignored
DislikedI have been wondering about ES ... ripping yet on no volume
I think this might have something to do with positioning for triple witching tomorrowIgnored