After todays close we can officially call the Lower Lower as idea predicted ... freeride to follow next , ENJOY.
marti_marti
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On the level around 1991 we can see a possible inv H&S ... that is why took the profit here on all shorts and sit sidelines ... No hurry now to get back in shorts , nor go long however ... let's observe
marti_marti
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Taking profits was perfect move yesterday near session lows ... but what can we see now : - uptrend line did not let the marekt go higher and below 2010 shorts are back in the game ... three times support tested is a wonder , fourth time should make a charm ;) expect 1970/65 as a next pitstop. Good Luck !
marti_marti
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There was a new daily low , but 'Return of the Jedi' occured ... now chart will tell us all
marti_marti
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and here is the picture I wanted to see on this up move : youtube.com/watch?v=gBzJGckMYO4 another LH ... so new LL should follow.
marti_marti
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Let me say this ... I was assuming the building a downtrend channel - but we can also call the last moves as a Bear Falg - if this is so next move we should see to the down side with target around 1920 at least ... IF we loose 2064/5 to to up side then the idea will be busted and SL triggered. Now we have to just wait.