yup, at this point in time it's a sideways channel, let's see what it looks like in a few hours ... if it is really a sideways channel I should get a signal to get out. If it's not might be the start of something really bullish. No crystal ball here.
See you,thanks.I expect the futher dawnfall to at least $1000-900 in the next month or so.But currently it`s not buying, as I see it.
If it went up from there,as you expected,i`d defenitely appraise it more as an anomaly,then anything else.
the next 8 hours (at most) should be telling, it's not my favourite setup, but I am relatively low leveraged and got a pretty tight stop at this moment. Nothing really bad can happen to me ... we'll see what happens in the end ...
yup, as you can see there has been quite some morphing at last minute going on in the charts these last few hours. This makes me (while bullish) also extremely carefull here ... untill prove differently I am going to stay with my position for a while. If proof shows up to the contrary I might get short. We are really at crossroads here for bulls and bears. Not exactly the easiest of markets.
I see no crossroad here,on the contrary,in my view,it` bearish.What proof do you expect to see to get short again/
at this point in time I'd like to see something bearish on my 15M that rolls over into a 2H signal. At this point in time 15M isn't showing anything bearish (yet ?) the only thing I see there are bullish signals for now.
for a maybe longer explanation how this might turn into something really bullish. Read this: http://localsfoolsgold.blogspot.be/2013/11/how-to-analyse-and-end-of-week-what-do.html I like to call it my Madame Soleil scenario since a lot of things still have to happen before it can come true. At this point in time, we have got an 8 H ib situated to the right a first 8H inside bar (since this hasn't closed yet it can still morph into something totally else ! BEWARE), the daily would have to roll over, into a weekly signal above the doji pinbar there. That would make the monthly bullish too. So in my eyes this is a very important crossroad. Something tiny might happen however and make us throw the above scenario in the wastebin. But for now it's a long untill proven otherwise.