Thanks for the chart ammo so if the pattern plays out and we break 1780 decisively tomorrow and day after, from a swing trading perspective, the trade to go would be a short trade---am i reading it right? and the target at least below 1720 or so?
35 pts neck to head (1813-1778)so 80- 35 is 45 area +/- a few, there are a few branches to break on the way down....some old timer techs used to say that it has to break the neck, then come back and test it to be valid..whether or not they play out is iffy, but it does let you know that we went thru a distribution and the likely future is lower
Come on dude, he said most not all. Funny thing is he is right and you failing to extract the valuable info.
hehehehe Santa can be right or wrong but our ILO is mostly always right. I appreciate your continued posting on this journal
Im still bullish down here nfp gap filled today and tagged up sloped lower trendline 1815-20 still in play unless bears find balls
Watching 1775-1776 here for this overnight dump. Interesting interactions as nikkei tests lower channel and yen futures retests breakdown. edit: 1774.5 if you're into the horizontals
Not in this biz to be right, in it to make money which can happen with or against the trend. Enough said.