it might be a given that we need a retest however there could be a tunneling ,.......I suspect....who suspects with me ?
higher highs ...higher lows .....stochastics cross overs ...from the very solid support going wicky wicky towards the 21ema on the hourly...could go for 1.1806 and then channel ...the end goal 1.1776. we going high on a short term.
Waiting for a possible retracement point by my arrow there around 1.1719 . possible channelling until there is enough confidence to break (B) support. we still going down.... btw the cahnneling might be between 1.1730 ; 1.1719 .and or 1.1701
Area A and B probable reversal points ....(A) most probable and (B) least probable on this down trend .... I prophesies that they are nice spots to go up to get down....
A=break B=retest C=follow through nice and "Short". Although im doing this while the market is closed...im confident its gonna hold
the 9ema been touched ........once its crossed and the 20 is touched down then the hoards shall come through .....once we hit 13.18678area ---and 13.22442 is broken then there ain no coming back ...the hoards shall overwhelm.... as you can see my cute yellow trendline has been crushed ....how crude ...... Apologies for my dirty chart...i love it like i love my...
clearly the ema's are in general upwards movement agreement . stochy is on his last tank...... So will the last riders push the trip upwards ? Who will resist more the 400 ema or the reisstance points ?
it looks like a good down....if the elders get disrespected .....