RIGHT NOW, #070 Trend Mean Reversion.
The break of 2485 the second time favors top in, breaking under 2480 means the target is 2456 and falling. In notes for #069, I wrote that holding 2478 long enough means 2492 first, then 2456. But moving to 2492 is not enough to resolve the intermediate trends crossing over each other at 2519. That does not mean price has to hit 2519, but it means the moves should be 92-??-56-lower. So then the moves in order for the next 29 hours to end of NY on Friday are:
1) 2492
2) 2500-2519 (2500 or 2507 or 2513 or 2519)
3) 2456
4) 2452 and lower
This chart is basically 30-hour max vol 2-way swing supported by trend map patterns. Furthermore, I present this idea as is and IS NOT UPDATING IT AROUND THE CLOCK like I've always done before. If you want all the details - AND I MEAN ALL OF THEM - find me at the link below this line.
1) 2492
2) 2500-2519 (2500 or 2507 or 2513 or 2519)
3) 2456
4) 2452 and lower
This chart is basically 30-hour max vol 2-way swing supported by trend map patterns. Furthermore, I present this idea as is and IS NOT UPDATING IT AROUND THE CLOCK like I've always done before. If you want all the details - AND I MEAN ALL OF THEM - find me at the link below this line.
Note
2:22 Here is the group's pair to this post:
Related publications
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.