{quote} i do hope u are right as i got a small scalp from 75 long cable... even though the falling 3 pattern on ur chart doesnt look promising
{quote} I wouldn't be doing any buying here. I've been hoping for a small retrace (say to 5300/50) only for loading more shorts. The 23.6% at 5196 is all but inevitable now and the GBP numbers would only help that along me thinks. Be careful guys and go with the flow.
{quote} man that LTL to me makes no sense whatsoever
{quote} lol...look at it closer bro. If it still doesn't make sense, I'll explain why I "left" it on the chart.
).. so its not reliable at all.. much more reliable and not too far from actual prices there are old SR zone and way more important the double bottom with the neckline ecc ecc...
{quote} i can see it man... but in my view the line was violated up and down (how people used to say.. was f@ckd sidewasy
{quote} Well, maybe not reliable to you but works very well for me. Keeping in mind that to me, any TL is just another average. Just because it's been violated x times does not mean as it extends further out it's not valid. Have a look at how I read it. First arrow tested 3 times. Second arrow tested, third arrow tested, fourth arrow tested. Each time providing a test and the likely direction of price. The last close below it and then a perfect test of it (4th arrow) told me south bound train was leaving the station bro.
{quote} I wouldn't be doing any buying here. I've been hoping for a small retrace (say to 5300/50) only for loading more shorts. The 23.6% at 5196 is all but inevitable now and the GBP numbers would only help that along me thinks. Be careful guys and go with the flow.
