the 11700 was there from my Heiken and swing high resistance, i just left them there for reference for me
LotusTrading20
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@ratpatrol, i have that as a key level too from my analisys
maybe that's where some more meaningfull correction will come, this dip is being fiercely bought already!
LotusTrading20
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@chocotraders, i hoped you cashed your short already... i was studying the chart when the dip came, i was not happy, I thought I missed the daily time frame short, so I bought the dip for a small 500+ buck swing :DDD turns out THIS was most likely not the medium term top yet, so I guess I got 2x lucky today! :D
i post as a journal for me....go look at my BVS accumulation chart ...no explanation just for fun and using it for my own benefit
ratpatrol
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here is a different view
ratpatrol
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12125 is the start of the last downtrend, you might have to adjust the chart . the bars are set at 1000 pips
LotusTrading20
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what is this??? a 12 month chart?
please give some input, as many not familar with renko.
also why short? right here? resistance in your chart around 11700 correct??