Dislikedhere is just eu i dont wanna take up too much space here with too many charts and piss people off
but these are very very similar. the first one is a 4h chart preceeding the big drop, its a little distorted from the run up since july but the pattern is exaclty the same. the second two are 5m charts.......markets have memory and they repeat patterns accordingly...this isnt just a coincidence
however the pattern also suggest we could go higher near 3500
Ignored
I tend to agree with this. SM has a better idea of the sustainability of this move than we do. The fact that we really haven't had any retraces during this up move tells me they aren't expecting it to last. I would expect some retraces during a move like this to shake out weak hands. Just doesn't seem like a very healthy move to me. Like I've said before, what you see is not usually what you get with the markets.