Sisse and Imrich. On your G/U conversation. Im having hard times mapping swings on G/U - or harder than with E/U these days/weeks
However, look at the chart:
1. I could not find when we got a MID term strong sell - however, I project it sometime in the red area. Just found that we reconfirmed strong sell in january - vertical line.
2. =) so I project the lvls from the red area - hypothetical strong sell MID term point.
3. recent chop is correction after we hit 1st target.
4. in any case Im not sure whats bellow as its hard to project lvls since my broker does not even have price lower than 2009 and Brexit can be huge - going beyond the scope of normal trading.
What I expect? Even if we get in vote --- as sisse wrote --- knee jerk reaction but we most likely gonna end this W cande with a wick and price closed below 1.461-3x (momentum line =) resistance).
P.S.: imarich, I would say ur map was too far aways from the price for mid term. I would use that zoom out for long term map. Of course there are lvl which are significant on more scales. ehm, but Im not sure how to operate with this stuff as I would expect long term lvls to have more FA than TA logic. hmm, dunno
However, look at the chart:
1. I could not find when we got a MID term strong sell - however, I project it sometime in the red area. Just found that we reconfirmed strong sell in january - vertical line.
2. =) so I project the lvls from the red area - hypothetical strong sell MID term point.
3. recent chop is correction after we hit 1st target.
4. in any case Im not sure whats bellow as its hard to project lvls since my broker does not even have price lower than 2009 and Brexit can be huge - going beyond the scope of normal trading.
What I expect? Even if we get in vote --- as sisse wrote --- knee jerk reaction but we most likely gonna end this W cande with a wick and price closed below 1.461-3x (momentum line =) resistance).
P.S.: imarich, I would say ur map was too far aways from the price for mid term. I would use that zoom out for long term map. Of course there are lvl which are significant on more scales. ehm, but Im not sure how to operate with this stuff as I would expect long term lvls to have more FA than TA logic. hmm, dunno