This thing is going back up tomorrow.
Planning to ride this up for the rest of the month.
Planning to ride this up for the rest of the month.
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Dislikedimho, cable has not completed its cycle just yet.. perhaps after we reach 5650.. let's just see how things progress first, atm there's still no valid consolidation to indicate near term pullback..Ignored
Dislikeduhm
this chart shows better what i mean.
lines are dotted because i look at them only to have an idea about possible levels where search a kind of reaction in price.
i would really not be surprised to find price near 5950 tomorrow during late asia.
but as always... time will tell
for the moment better wait to see this daily closing price!Ignored
Dislikedagreed on the daily closing mate.. but if price go to 5950, i will definitely put 5 times of lot from my position at 6040..
to be frank, i seriously doubt that mate since the price have move so far so fast, which mean that there will be a long consolidation at least we can see the consolidation from 4h before making a u turn.. this i think indicate that the price will go more than this.. 5650-5600 provide cluster support for this..Ignored
Dislikedagreed on the daily closing mate.. but if price go to 5950, i will definitely put 5 times of lot from my position at 6040..
to be frank, i seriously doubt that mate since the price have move so far so fast, which mean that there will be a long consolidation at least we can see the consolidation from 4h before making a u turn.. this i think indicate that the price will go more than this.. 5650-5600 provide cluster support for this..Ignored
DislikedIt is not always about technical...remember fundamental from both side, i think 15950 is reasonable considering how the price react now....Ignored
Dislikedlastly is EG. i think this pair indicate the overall direction on fiber, but since fiber is very much related to cable i think this pair is useful to indicate the overall direction for cable also.
if you look at the higher TF, this pair has already violated its upward channel and i think this pair is expose to more downside. since this pair is not as volatile as cable, the small difference in its movement does weigh a lot on the analysis on both fiber and cable.
as you can see, from my charts, i have tried to put POs but none triggered...Ignored
DislikedThis looking bullish now. But you're right. Not much PA now and also NFP Friday... Not much left for today.Ignored
DislikedJust logged in, and currently trying to find a live feed out of Athens for:
"The Hellenic Republic has decided to extend to April 4 at 1900 GMT the deadline for holders of Greek foreign-law bonds and of bonds issued by state enterprises and guaranteed by the state."
So, have taken profit on the shorts for GU and EU, and stops to BE overnight. And yes, NFP tomorrow, but am expecting the figure to be good to help with election campaigns... I mean, all the other numbers coming out of the US are good, so why not top it off?Ignored
Dislikedwhat i did in last hours was to study this chart:
yellow descending TLs are the repeating of 1st retrace in uptrend with same angle.
1st time was very steep. 2nd (blue dotted was less steep). this is 3rd (red) which actually is not yet confirmed, that's why i think price should go more up to find the yellow area or the red area.
and more shown in this chart there is a kind of main line supporting price when 1.52 and when 1.56 which were 2 strong monthly price levels.
very very very interesting to notice that a possible next touch could happen near...Ignored
DislikedI agree, looking very familiar. GU has quickly overcome a few steep bearish runs latelyIgnored