Simplicity in TA

reduced to a weekly you can see a smaller hns similar to the one after the 07/08 turn

 

reduced to a daily you can see an inverse hns building charachterizing accumulatiom,a lot of these don't plat out but they do give a clue as to accum/distribution if we rise there a few tl for res

 

if you add in market profile ,there is a wider nip (more traded at that price)up at 1284-88 where you would find more sellers than the narrower 59-62,it hit that nip and pulled back to the 44 nip .also the res tl it broke and came back to acting as support

 

that was a parabolic move, they have to pull back somewhere,if it doesnt hold the 44 area there are a few spots below for short targets,if you have your supp.res homework in front of you ,it's somewhat easier

 

When I listed the simple TA reasons for the reversal I forgot to also mention the screaming fundamentals supporting the move. The relief that the Eur was getting all kinds of inter bank and government support had a domino effect round the timezones that culminated in one way traffic. The force behind that was going to carry on for some time.

So you had the additional comfort that governments were pushing the buttons and were able to piggy back on that gas level.

 

so xspurt where is this move retrading to and how high can it go

 

It's a secret unless you read the thread. You don't have to go very far back

 

Why do all ET threads eventually attract new multiple aliases full of bravado who refuse to read from the beginning and then demand the op post what he has already posted umpteen times?

Or is it just the same looper on all threads? If there was a post history it would show the truth but then we don't want that, do we? Keep ducking and diving

What's the point on making claims no one can verify except a real trader who needs your help?? Post 'em here to show how it's done and keep posting until people see you don't need to keep changing your identity because you have nothing to give.

Btw, I have you on the short list as the poss child porn guy as you behave in a similar way. And I also note you have a problem with execution meaning you have lots of time to behave in the way you do.

 

Oh come on, you behave like a sanctimonious coward who crawls into a new identity in no time. Here's you chance to show a reformed character and post your calls and how to do it.

It would kill off my idea that you might be the child porn guy. I'd like to say I'm kidding, but I'm not. Perhaps you're the killer trader who is too good for ET lol.

I'd welcome you're positive contribution and even your challenges if you were in one place for more than ten minutes.

 

Looks like a similar pattern in 1975 which then shot upwards.