This is a gut feeling based on previous sell offs (especially the times they seem to start). Between now, but mainly 4.30pm to 6.30pm GMT I'm predicting the start of a massive sell off (until around 11pm GMT 14th March). The sell off should reach the purple OR even the red line (briefly).
**Being wrong is part of the game, but I'm setting really tight rolling stop-losses.
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IF this happens (which unless there is a buying big spike very soon) I wouldn't be surprised if there was a bull-trap on the purple line (is it bull-trap or bear-trap, I forget which way round it goes).
PS. sorry about the typo in the title (*Starting*). I was concentrating on the chart more than my spelling lol.
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Fake out with a phoney bull run?
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The bulls aren't going down without a fight lol. Extending the timeline. Still think this model has a high probability.
@mnuovo, That's my buy in price, yes. Although I am going to eyeball it too and manually take over if need be. It shouldn't go past the purple line, as that is the long term trend line, but you never know (I think people will panic and make stupid trades if it goes below for too long). I'm predicting a mini bounce around 2.45pm EDT (6.45pm GMT) before hitting the final low sometime in the next 24 hours.