Long

8367 - the magic value.

Updated

This is probably the most important value
one should consider in this position...

The nature of algorithmic trading makes
this level very important for a
wave model analysis.

See the charts below...

Note

I'm saying that there's a very high probability
of bouncing between 8300-8400 right now.

Get it? See this:

Note

8430 - most common bearish algos
are set to sell below this level
Lsell = (8400-1/4[1/3]*100)...

*see the redactions... in the chart)

Note

*to sell ABOVE, of course, SORRY)

Note

Anyway, 7.7k is possible; 8300-8400 flat, then pump on Monday is possible too. Indecisive market this is.

Note

Has the corr. ended? ask this chart:

Note

orbborisson

Related publications

Bears, beat it! Full picture. All scenarios.

by orbborisson

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