beautiful no 30m or higher closes above the 38.2 fib.
not that that means anything significant at all for the bears.
just pointing it out.
in a normal market reaching that red line on the H1 is almost unheard of
usually the green line and typically at most yellow marks an extreme move and reverses there, but not in QE conditions. it passes through green and yellow and orange as well, taking on red.
i really pay no attention to these thin exhaustion lines in a heavily trending market. they are more for range bound markets. but as you can see even with that large of a rally, red capped the move. i have on idea what these lines are though, they are an indicator from a professional trader i know
the real market is back, and i need some rest for next week
take care all have a relaxing weekend
not that that means anything significant at all for the bears.
just pointing it out.
in a normal market reaching that red line on the H1 is almost unheard of
usually the green line and typically at most yellow marks an extreme move and reverses there, but not in QE conditions. it passes through green and yellow and orange as well, taking on red.
i really pay no attention to these thin exhaustion lines in a heavily trending market. they are more for range bound markets. but as you can see even with that large of a rally, red capped the move. i have on idea what these lines are though, they are an indicator from a professional trader i know
the real market is back, and i need some rest for next week
take care all have a relaxing weekend
Be hopeful in a winning position, and fearful in a losing position.
Anyone's in lower then 1.2060?
