The gap, the triangle, the pin
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DislikedDamm cable going sideways again. It might go up a little to complete wave 2 of the c correction on the daily,(more likely to go out than up) this process might take a few days. Hopefully we will see the start of wave 3 down on monday or tuesday. Wave 3 is a CHA-CHINGER. I dont really see any evidence of a strong bull run, of course every retracement people will start saying "2.06 here we come!!!" only to have the trend reverse 6 hours later, also a triangle forming on the daily. Breakout signals trend for the next few weeks.
Also, everything I just said is one big pile of Bullshit. Not to be confused with Bear shit because they are still eating for that winter fat they need before they go into hibernation.Ignored
DislikedMy data feed...
Last Close 2.0200
Today Open 2.0200
Today Low 2.0194
O/C = 5pm EST
btw Daily 50 SMA = 2.0200
If we hold this levels... we are almost 20 pips above it. Something to consider..Ignored
DislikedThat first post was on the 19th
Not really a I told You so post but, I told you so, so far anyways as a down movement on monday.Ignored
DislikedYes OK I just showed what I see... But I am long you know and anything supports that is OKIgnored
DislikedI am in long @2.0206 hoping to see 2.0400 this week! Anybody feel we could see 400 this week?Ignored
DislikedI'm worried about one thing... take a look at the weekly chart.
We see a "pin bar" last week, but if we think about it, when a pin bar setup forms, the next bar tends to retrace a little below the opening, in some cases until the low of the bar previous to the pin (to form the second eye), and only after, shoots up.
I prefer to trade this kind of setup like we should trade an "hammer candle" but... you as a quant might know better than me that rare are the weeks when a Weekly candle on GU doesn't have a more visible lower shadow.
I mean, i'm not saying it will go down a lot, but statisticaly speaking its rare a weekly candle not to retrace a little bit more below opening and only then proceed with the trend main direction.
What do you think?Ignored
DislikedDaily close 5pm EST 2.0200
Not a pin bar!
Psicologicaly its almost the same, inverted hammer, but...
Close above previous day high. No pinocchio around...Ignored
DislikedYep. Exactly.. Statistically speaking if there is higher higher and higher low it is bullish. It doesn't matter what color is the body and what is the size of the body and what is the size of the top and the bottom... Just I know from my analysis....Ignored