GU Comment:
If price backtests the area designated by the black horizontal line, a short entry opportunity exists. Just a heads up. Trade your chart.
Edit: Backtest of wide area around pivot is taking place with increased activity. Backtest might turn out to be a backtest of the upper whole number. A SonicR short might be setting up (pic #2).
Edit: Both PA waves and the Dragon appear to be "drifting" downwards. Price was just slammed back up with activity continuing to be strong at the attained highs. If the market is closing longs and jockeying the price about to do it, and to convert to shorts, then this might not do anything with what is left in the day. Maybe tomorrow. If price does eventually drop away from the whole number area, an intra-day swing down to the next lower whole number area would not be unreasonable. That is what I am stalking, an intra-day swing of 100+ to 150+ pips from the highs on Friday (pic #3).
Edit: (8 hrs. later)....well, price dropped in the range again and might be moving back up. It is the asian session now, so they might coax it up if they too need to continue to close longs and open shorts (just a guess). Anyway, still stalking a short on this one at the same horizontal black line for entry, if the PA wave pattern remains decent for a Sonic R. short setup. Still anticipating a target near the lower whole number, and you can see that the RGL mark for the new day is closer to that area, with pivot DS3 being in the right area.
If price backtests the area designated by the black horizontal line, a short entry opportunity exists. Just a heads up. Trade your chart.
Edit: Backtest of wide area around pivot is taking place with increased activity. Backtest might turn out to be a backtest of the upper whole number. A SonicR short might be setting up (pic #2).
Edit: Both PA waves and the Dragon appear to be "drifting" downwards. Price was just slammed back up with activity continuing to be strong at the attained highs. If the market is closing longs and jockeying the price about to do it, and to convert to shorts, then this might not do anything with what is left in the day. Maybe tomorrow. If price does eventually drop away from the whole number area, an intra-day swing down to the next lower whole number area would not be unreasonable. That is what I am stalking, an intra-day swing of 100+ to 150+ pips from the highs on Friday (pic #3).
Edit: (8 hrs. later)....well, price dropped in the range again and might be moving back up. It is the asian session now, so they might coax it up if they too need to continue to close longs and open shorts (just a guess). Anyway, still stalking a short on this one at the same horizontal black line for entry, if the PA wave pattern remains decent for a Sonic R. short setup. Still anticipating a target near the lower whole number, and you can see that the RGL mark for the new day is closer to that area, with pivot DS3 being in the right area.
Attached Image(s) (click to enlarge)
, i set a bad SL
