Cobra's Market View

double bottom indeed. you know the target.

uempel wrote:Cobra, every Homo sapiens has a double bottom

I've seen plenty with more than that, much, much more

joegamma wrote:

KeiZai wrote:

KeiZai wrote:R2K update: good later than I thought but it is ok one more low is a buy (at least for me)

R2K-12c.png

To be exact one more low is a buy for me because it is likely 5th wave (I think of C) BUT if the rebound from that low is gonna be weak-choppy we could be forming HnS here (not my prefered plan) and I will exit at BE

R5.png

Thanks for the DAX view, keeps me wary of being short 2nite

hoping to see us close at new lows, then retest 10760/70 and then maybe bounce, shortterm a bit bearish below 10870

The structure is kind of tricky now in R2K it well can be HnS I think chop this week is quite likely they are killing theta - opex week . But in the bigger picture US needs new highs to complete the cycle imo, Europe likely already topped out (after Draghi speech) now is in the corrective abc up

IYR dome target met
now testing the dome-double bottom

we're here as my guess is the rebound is near end. lunch time, will be back.

OK missed the entry and it is not anymore 4th wave so I am kind of done, looks corrective to me could be right shoulder
Have a good one

KeiZai wrote:R2K update: good later than I thought but it is ok one more low is a buy (at least for me)

R2K-12c.png

Thank you for in lightning KeiZai...

SPX 15m

lunch

SPX 5m

SPX 15m.. that blue neckline may still move.. minor support on the 5m right here.. could make that blue neckline more horizontal.. have to wait and see..

SPX 5m... possible minor divg on MACD should we hold here.. for a right shoulder? blue neckline... otherwise lookout below *mind the mid day gap at 1765-66ish

SPX 60m vol is easing back on this push down so far..

All time fames point to south bound.

Nydec 2100
Internals, 5min

victorm wrote:

KeiZai wrote:R2K update: good later than I thought but it is ok one more low is a buy (at least for me)

R2K-12c.png

Thank you for in lightning KeiZai...

Thank you too my friend and good luck2U

we're here.

Trany is triggered.

RUT 60m

mini rebound target required.