Bankbrother

Bankbrother

Watching for support -retrace potential - 53.25 or lower if we get a pop tonight I'll be looking for a bull trap NY open - 11 am ? NY volume should be interesting - expect the unexpected. Sunday nite fun ! GL

Bankbrother

Watching for support -retrace potential - NY volume should be interesting - expect the unexpected. Sunday nite fun !

Bankbrother

As you can see it's trying to gain support at mthly 61.60 black channels support / ma's showing range . If I look back at prev mthly above (eclipse) 63.37 support broke . blue arrows are hidden demand on 8 hr tf . Bear view is continuation downward below $60 through last wks demand . Bull view is back to 63.37 + mthly level . Considering a move with NY...

Bankbrother

As you can see it's trying to gain support at mthly 61.60 black channels support / ma's showing range . If I look back at prev mthly above (eclipse) 63.37 support broke . blue arrows are hidden demand on 8 hr tf . Bear view is continuation downward below $60 through last wks demand . Bull view is back to 63.37 + mthly level . Considering a move with NY...

Bankbrother

This may try for implied HS or rejected by double channel top and 144 Red ma . note 2002 Fib .618 break -

Bankbrother Updated 

My bias is support is greater than resistance (medians /mthly) at this point - long term .5 fibs /supply retest ? watching blue/red wedge. Supply above -Demand below along with .618/.788 etc

Bankbrother

New Fib Aug/13 ( .5 ) retrace /Supply Dec/14 test -Blue eclipse expected target if we continue North . The big question is how much more -good spot for a retail flush . Dxy in play

Bankbrother Updated 

BIG week coming up ECB Tues/ BOC / BOJ -rate decisions - I expect movement between Dashed lines - seems like it needs to confirm support below -Median (Blue) and mthly -possibly to blue eclipse . But... could test supply above first - Fib in play - Be careful out there .

Bankbrother Updated 

Different Median angle - Eur might dip a bit before ECB Tues - if so we may continue up before test lower to median (Blue)

Bankbrother

Think I got the phase right now - SOW -sign of weakness- support required -Once we have confirmation should head North above BC 64.85 - Eur strong 3 hr -Dxy looks weak at present - keep an ear open for budget news .

Bankbrother

looks like support test again - Dxy budget imminent . LL ?

Bankbrother

My guess is median pull upward (blue ) As long as Eur is dominant. Be careful out there - testing Wyckoff

Bankbrother

With this it seems we've finished Accumulation - Not a Wyckoff expert - As always watching Dxy

Bankbrother

Minor correction to median

Bankbrother

Investigating Wyckoff theory . Accumulation Phase B - keeping an eye on "Blue" median pitchfork downtrend .

Bankbrother

Hopefully text wll be correct size i

Bankbrother Updated 

Looking for the "Bigger play " - expand chart to see - we're reaching top of up Channel (black diagonal line) - Dxy might might be trying a bull trap at present - caution and confirmation !! my guess would be a drop stop grab if dollar rises . Note Fib retrace from 2009 / 2011 . Be careful out there . Wkly/ Daily or 4 hr to follow

Bankbrother

Well - either er break it now or come back later - if we drop then my guess is retrace $ 58 +/- Dxy important factor - GL -be careful out there .