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 FOMC, so I leave this idea post as 'neutral'. Yet,...
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 be broken in order to test the fib retracement...
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 sharing it as more of a "road map" with both fibs and...
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.
Don't ask. This is for me just to archive for later. I have other "chaos" charts that I've shared. Not calling any particular trade with this post... just getting it saved.
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.
And even a box clone! What a fancy dancy Sunday!
I'm not trading this, but wanted to share the chart..
Oil doesn't look done falling. If this structure breaks the resistance and confirms the bullish h&s, next resistance up should be red box areas.
Found the resistance .. or so I think. Also cloned the upper diag for same angle based on wick high instead of body.
Euro looking long right now, as a result.
See linked ideas.
Following up on the previous post about time, but with a few more clones.
I'm getting tired of all of these wedges. Markets should be done with this seemingly endless consolidation soon.
Oh hey, how lovely.
500x no stop YOLO