Following the vertical move from these past couple days, it feels like we are due for a retrace and that we already reached the top area. We do not exclude the possibility to retest it before the dumps start. A fast retrace to 1650/1700 area could happen in a couple days time followed by couple additional days of consolidation before we take off from the trendline...
*Found out that the daily and 3day timeframes from December 2013 top to today are forming an almost perfect fractal of the 4H timeframe December 2013 - May 2014 period. Bottom formed by 6-7-8 could be a copy of 2. I suggest you open a 4H timeframe chart and check the 1 2 3 zone. You will notice the similitude with the overall 1 to 9 pattern on the 3D. * I have...
UPDATED VERSION OF THIS IDEA: Found out that the daily and 3day timeframes from December 2013 top to today are forming an almost perfect fractal of the 4H timeframe December 2013 - May 2014 period. Bottom formed by 6-7-8 could be a copy of 2. I suggest you open a 4H timeframe chart and check the 1 2 3 zone. You will notice the similitude with the overall 1...
Similar to Nov 2013 bubble and Nov 2014 parabolic move, this January 2015 move could lead to at least a 930/1000 bottom retest and even lower lows in about 2 months from now. Position is overall short from the top. 1430 could be local bottom and lead to a bounce in 2 distinct moves, first leg to 1550 area, 62% retrace followed by a second leg that could end in the...
China led us below 1950 and larger/faster move can be expected in the next couple days. My most bearish scenario is the following. If 1800 and 1700 both fail, looking at closing short in the 1550/1600 area. candle may come with a wick reaching 1530/40
Potential for price pulling back into main channel and continuing further up in higher channel.