We could fall hard from here.
Updated
We've been here before, right?
How many tests must it take before it gives in.
Strong gold, weak dollar. uncertainty in the market.
Surely it's time for the late lows of December 2018. my entry is when it breaks below the green zone 50.1/50
Updates to follow...
How many tests must it take before it gives in.
Strong gold, weak dollar. uncertainty in the market.
Surely it's time for the late lows of December 2018. my entry is when it breaks below the green zone 50.1/50
Updates to follow...
Note
from the numbers I see ahead and currently this will happen.China isn't using oil as usual. opec still haven't cut how they should to protect the price and when they do, it'll be after the fact, not before. Pricce will drop hard before they intervene.
More oil, lower price. simple. don't over think it. we've been at that price many times.
Look left..
Note
Hi everyone,So, i was expecting a battle in this area and wasn't disappointed!
If you look back to my first black arrow (left) this was an ongoing fight for sometime.
This isn't something you can time to perfection, the fundamenals out there right now are changing all the time and are different to the previous drop below the 50's.
This is why we're still in this and maybe for some time.
Stay strong bears. I'm sure it's coming..
Note
Forgot to mention my other point,Every other drop to this zone was reversed/rejected very quickly...
Apart from the late 2018 attempt..just like we're seeing right now.
Food for thought..
Note
as you can see, we're right on track. buy back on confirmation of turn around. my guess 44 regionNote
We've been on a huge ride! currently looking at these 2 area. I just can't see any reason for upside momentum at this point. Not until the lock downs get relaxed and manufacturing resumes at a somewhat normal pace.Looking at December 1998 price of $12
Trade closed: target reached
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