I don't think wave 2 is done yet Jim. It might be topped already, and just chop around the rest of the day? We are waiting for the 60 minute chart to get overbought, and roll back down.
ETA on that is about the EOD, or tomorrow morning. Once it turns back down, and lines up with the daily and weekly chart… we'll see more selling.
But for now, the 15 minute chart is heading down, while the 60 is heading up. That's the battle between the 2 charts. When the both line up together, pointing down, a large drop should occur.
That's what I'm waiting on…. the weekly, daily, 60, and 15, all lined up together and pointing down. I see that happening by tomorrow morning.
This sell off looks like a move down to fill this mornings gap. I don't know if it will go back up and retest the highs or just trade sideways until the 60 minute chart peaks and rolls back down? But, once that 60 chart rolls over, I think we will see a lot more selling come back into the market. Maybe tomorrow, or EOD today?
I don't think wave 2 is done yet Jim. It might be topped already, and just chop around the rest of the day? We are waiting for the 60 minute chart to get overbought, and roll back down.
ETA on that is about the EOD, or tomorrow morning. Once it turns back down, and lines up with the daily and weekly chart… we'll see more selling.
But for now, the 15 minute chart is heading down, while the 60 is heading up. That's the battle between the 2 charts. When the both line up together, pointing down, a large drop should occur.
That's what I'm waiting on…. the weekly, daily, 60, and 15, all lined up together and pointing down. I see that happening by tomorrow morning.
This is perplexing. Is wave ii heading towards done already?
The bounce almost entirely in the intra day yesterday.
Considering the triple digit swing today seems anemic.
Carl has been either quiet or wrong lately. He's not quiet today, so that only leaves wrong 🙂
Looks like he bought after his projected low was tagged, which is what he should do if he believes his daily high is next.
I'm playing TZA today, so it's ok with me is Carl is wrong once more.
This sell off looks like a move down to fill this mornings gap. I don't know if it will go back up and retest the highs or just trade sideways until the 60 minute chart peaks and rolls back down? But, once that 60 chart rolls over, I think we will see a lot more selling come back into the market. Maybe tomorrow, or EOD today?
Back in EUR 1.2380 short
Carl is now Long one unit at 1138.25
Possible bull flag on EUR shorts be careful at least for a little while (ie: minutes lOL)
Might get a wee bounce here
Good job Wendel 🙂
out sso
added to sds