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- BobaFett74 replied May 31, 2024
Fib retracement complete. Commence operation drop like a brick???
- BobaFett74 replied May 30, 2024
Some support...a lot of resistance. I think we'll spike to around 1.825 (or 1.83ish) at news, then hit the wall hard and slide down it.
- BobaFett74 replied May 29, 2024
This! Usually goes in and comes out from the same direction on the higher time frames.
- BobaFett74 replied May 29, 2024
Probably going to bounce soon....hitting 1.082 area before continuing down. No real analysis there. Market over sold...if the move is to continue down a bit, the market will need a short correction.
- BobaFett74 replied May 29, 2024
Depends on where you are marking your correction from. I'm marking mine from the initial bottom back in early April (1.06ish), and using the top in mid May (1.0895). The fib ratio is still 30 pips to the down side. I'm targeting 1.0785 as a full ...
- BobaFett74 replied May 22, 2024
At the moment, I am seeing the larger candles moving down, and the smaller candles moving up. To play devil's advocate to my own logic, we are having bearish movement in a bullish market, so I'm cautious because the bulls have won the last month. ...
- BobaFett74 replied May 22, 2024
There are some strong divergences at the moment. Seems like a slight pullback may happen.
- BobaFett74 replied May 21, 2024
It doesn't mean that the end result won't be the same. I'm with you in thinking that USDX will kiss the 104.1 level before bouncing strong.
- BobaFett74 replied May 20, 2024
USDX seems to have temporarily broken structure after meeting its latest support zone. We'll see if this is temporary or if a reversal is in order.
- BobaFett74 replied May 20, 2024
4HR looking like a bullish flag. Every time I bite on that though it kicks me in the berries lol.
- BobaFett74 replied May 20, 2024
Fair point. In line with that thinking is that we've had a 300 pip movement to the bullish side since April 16th. At some point there will be a retracement. If it started making that correction today and just pulled back 50%, that would put the ...
- BobaFett74 replied May 19, 2024
USDX currently hitting the bottom support of a bullish channel. Potentially a bullish reversal coming real soon to a currency pair near you.
- BobaFett74 replied May 17, 2024
I would normally say that you are spot on. However price action hasn't matched the rate and volume of the buyers and sellers. That's the number one indicator of a divergence forming, whether it shows on trading platforms or not. The market was ...
- BobaFett74 replied May 17, 2024
I'll be honest, I'm seeing to much misdirection. I'm thinking we are going to double top and drop like a dead bird to shake out the bulls the way the bears were mislead this week.
- BobaFett74 replied May 11, 2024
I just started studying this Wyckoff Method. I'm just dipping my toes in, but looking at the recent charts (I prefer the 2HR format), this looks like a textbook Accumulation movement based on his methods. I'm curious to see price movement early next ...
- BobaFett74 replied May 8, 2024
I would wait to see if the sellers break through 1.07390. Seems to be a fight at that support level that the bears may not win. Patience.
- BobaFett74 replied May 7, 2024
Same. Three trades today. All winners. All small, but profitable moves. I hope you made out well.
- BobaFett74 replied May 7, 2024
1.07566 seems to be tripping the bears up.
- BobaFett74 replied May 6, 2024
That's a solid point.