Cobra wrote:Rebound, I shall guess, but no safe buy dip here...
Do you think it is going to go down more? Another leg down?
Yes, if this is still a NORMAL market, the rebound if any shall fail...
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Clear three push down if you look at 1 min chart, so reiterate a small rebound there and I expect it to fail eventually...
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Don't understand what I was saying, well, here's the 1 min chart. An experienced trader doesn't need to look at this 1 min chart, the pattern is clear. It's not important anyway, just small watering here... Oh, in case you don't know, click on the image to see the full sized image.
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Lunch time, be back soon. The small rebound is even smaller than I thought. Now you should know why don't trade against the trend, even an experienced trader like me cannot do it right the most time...
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Cobra wrote:Lunch time, be back soon. The small rebound is even smaller than I thought. Now you should know why don't trade against the trend, even an experienced trader like me cannot do it right the most time...
Bon apétit, I know that you did not have a beer, but what did you have for lunch?
Cobra wrote:Lunch time, be back soon. The small rebound is even smaller than I thought. Now you should know why don't trade against the trend, even an experienced trader like me cannot do it right the most time...
Bon apétit, I know that you did not have a beer, but what did you have for lunch?
Egg and pork, no beef yet.
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Some support here on blue dashed line, but any first rebound attemp would NORMALLY fail...
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I think, might be another chance for a small rebound here...
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Bigger picture, we're around MA20, the last time it porked a little below MA20, then fly to the sky, this time... My guess is it'll break below MA20 a little bit larger than the previous 2 times.
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Cobra wrote:Bigger picture, we're around MA20, the last time it porked a little below MA20, then fly to the sky, this time... My guess is it'll break below MA20 a little bit larger than the previous 2 times.
Cobra wrote:Bigger picture, we're around MA20, the last time it porked a little below MA20, then fly to the sky, this time... My guess is it'll break below MA20 a little bit larger than the previous 2 times.
There was only one leg last time, I am thinking whether the same thing will happen again
Uempel, how you found all those lines? Really amazing. You have lots of fans here, you know!
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EvilTrader wrote:With VIX out of BB new shorts with tight stops here are risking being squeezed and stopped out the next day or two.
Cobra, do you still expect a retest of the highs, or trend changed in your book ?
cheers.
I still expect a retest of the previous high. Bulls as strong as it has been showing won't give up without fight. An important top is reversal of reversal of reversal.
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Jus curious, anyone plans to short the coming L2 at EMA20?
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