Only 4 more of these daily candles remain until FOMC. See the links below for reference to my original idea posts on this, calling what could certainly be the top of the market.
The recent rally has yet to invalidate the most basic short implying structure (lower highs). I plan on holding *nothing* going into ...
Fib-based, as a follow up to the last post of mine on this pair where we had a great 780 or so pip short (over the course of a month).
Check out the older idea posts of mine (linked) for reference. Cheers.
See the linked idea post for reference to the original chart.
We broke upwards to a fib-based target marked in red, and with surprising accuracy! Given that high, I've made some support projections. Given this small bounce from support, I've made some resistance targets.
It appears the first trend line needs to ...
Following up on last week's post, we made it to some support. Massive resistance above not just in fib retracements (newly added red lines above price) but in the original diagonal trendline serving as resistance for this move.
There are likely hundreds of different ways to trade this sort of chart, so I'm ...
Pre-FOMC ... I'm not making any serious decisions. Maybe we'll break out with a vengeance! Who knows.
These particular boxes are measuring potential 1st and 5th waves. A fib ext of wave 1 to the low of 2 yields 1.886 as the high just made.
As I said .. maybe.
See earlier posts from months ago. This chart has not been updated.
I might even swing trade the bounce, but I expect a pretty serious fall if we break through this. There is also a linked idea post entertaining the idea of a mean short on this pair, for the sake of diversity. Flip a coin? Kidding.
As crap as I see the dollar and e-mini, lately, I still have to recognize this.
A true corrective wave should have A and C (of the ABC) mostly proportional, and the B wave should have the same properties. Looking at the daily, we might actually have that.
This idea came to me when realizing that wedges / massive ...