Just posting this for fun.
I'm looking at TD9 counts on 1h, 2h, 3h, 4h.
It looks like we have CME pumping to close gap again, which lines up perfectly with TD9 reversal count, which lines up perfectly with the 14k-10k longterm downtrend line (red dashed line), which lines up perfectly with 0.618 fibonaci.......
All of this lines up at around 9250-9350 range.
Which means we will have:
* 0.618 fib retracement (of the 15% dump candle from a few days ago)
* TD9 reversals on possibly 1h, 2h, 3h, 4h all together
* longterm downtrend line resistance
* general horizontal resistance (9200-9400 level)
* a shifted bearish trend on OBV/MA200 indicator
I think this spells a perfect toilet flush.
I am shorting from 9150 up to 9350 with tight SL in the 9400 area.
This is not trade advice, but I think this might be one of the biggest trades of the season, and we'll be heading to 7.7k
I do not think CME can close their gap all the way up to 9800 or 9880 or whever it is.
I think theyll have to be satisfied closing some of it now and leaving the rest for later.
All signals still very bearish!
My trade setup is in the chart.
I'm looking at TD9 counts on 1h, 2h, 3h, 4h.
It looks like we have CME pumping to close gap again, which lines up perfectly with TD9 reversal count, which lines up perfectly with the 14k-10k longterm downtrend line (red dashed line), which lines up perfectly with 0.618 fibonaci.......
All of this lines up at around 9250-9350 range.
Which means we will have:
* 0.618 fib retracement (of the 15% dump candle from a few days ago)
* TD9 reversals on possibly 1h, 2h, 3h, 4h all together
* longterm downtrend line resistance
* general horizontal resistance (9200-9400 level)
* a shifted bearish trend on OBV/MA200 indicator
I think this spells a perfect toilet flush.
I am shorting from 9150 up to 9350 with tight SL in the 9400 area.
This is not trade advice, but I think this might be one of the biggest trades of the season, and we'll be heading to 7.7k
I do not think CME can close their gap all the way up to 9800 or 9880 or whever it is.
I think theyll have to be satisfied closing some of it now and leaving the rest for later.
All signals still very bearish!
My trade setup is in the chart.
Comment:
Comment:
3h TD9 count
