Intro - I don't have enough time to detail this because it requires detailing both moves. That's too much time for move that's about to start to 2393. So let's get this up first.
Details - Will add ASAP.
Details - Will add ASAP.
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3:17 PM ET WHAT WE KNOW NOW:1) first price needs to break red line
2) it is favored to break the red line to go to first box
3) it is favored to do it WITHOUT checking to 75 again
4) and push for 96
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5) no 95 is favored over 966) that part is a strong bet
7) then comes the binary
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8) the second box is 8:30 AM ET, 1 hour before NY open Friday9) the action leading into this is the signal for which way it goes next
10) from first box:
a) if the result is 2418, then price moves sideways, and the check down is 85-87
b) if the result is 2365, then price moves to 76 first, and the "check up" to resistance is 87-89
11) this is how IT'S SUPPOSED TO GO
12 however, prices had just one a move like this:
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a) in chart above, usually once you do the lower low, it's SUPPOSED TO BE OVERb) odds strong favor this with the exception of unexpected fundamental outcome
c) that swings the views of market players
d) what it looks like is a a bear move about to complete but swings back hard up
e) so what I am saying is:
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f) continuing with chart aboveg) chart at top leaves out this "fakeout scenario"
h) where price acts bullish first with 2 highs
i) goes all the way to 72 BREAKING 2 NEW TREND LINES the rally had built
j) checks up to 85...
k) which all looks bearish in that the following outcome is favored to be 65
l) being that it's only 20 away
m) but the price zig zag for an hour and swings all the way up to 217-2425
n) with the ceiling being 40 away
o) that sums it up
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3:54 PM, price now favors 75 firstNote
3:58: PM, map now favors extreme vol outcomeNote
4:12 PM OMG, HERE:Note
1) the signal I am getting that reads like high frequency trading 2) is that the machines will sell this to 2365
3) but the center of gravity is 2388
4) so the reset of that move should be a vertical spike to 2411
5) I am going to be conservative and say 2402-2405
6) I'll be back 11:30 PM ET, so in 7 hours
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7) safe to say that spike alone will range 30-40 pointsNote
8) I'll explain this next chart later before midnight:Note
a) to summarizeb) if bears get price out of position to 65
c) the response to correct that would be 2405
d) the response to correct 2405 would be 2380
e) finally the response to correct 2380 would be 2430
f) so in theory from 76 now: -10+40-25+50
h) absolutely value is 125
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8:29 PM ET 78.xx TIME OUT - THIS POST IS DEADNote
8:30 NOW... WE HAVE ENOUGH TO THE LAST ONE;
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.