Morning everyone! Green pips for Monday.... or not!

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Morning all, hope everyone is green and sane.

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Today we are bear. Last hour we are bear. Last 4 hours we are bear. Over 6 months we are bull with today a bear bar.

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Time is relative my friend. Need to name your boundaries.

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1.3408 is Attila's support. I had 1.3432 which was reached, tested, failed. My next one is 1.3398. I asked the forum if anyone had lower than 32. Attila gave that number, so it's now on my chart. Test/Fail... look to buy at 98. Test/Higher/Retest... ...

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I see what you're saying now. I don't use Fibs as my tool for projecting price. My experience is that prices themselves have memory... so on your chart, yes you have Fib projecting down but my price of 3398 is definitely a recent bottom level for ...

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Well... as I've mentioned before.... TIME is relative. Since we're talking about larger timeframes but trading on a daily basis... then the smallest "big" timeframe is 4H. Attached image: I've removed date and what happens next but it is 4 hour ...

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Here we go..

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3398

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Okay it's here now. I was long at the start of that move, -10 thank F$%*! I'm standing aside to see if we get a piercing move to 408

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appreciate that view. I do see what you mean. The 100 pip drop isn't something to ignore, just curious about interpretations.

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You saying the lower bottom is stronger? This isn't a mickey mouse timeframe BTW... 4H.

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Interesting... I was wondering if there was a more viable lower number than 32. Edit: EMA 62 and 144 on the 4H all point to low 400s

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Not gonna trade it yet, but looking for a H/S formation on the 1M, which should print the pin bar on the 5M. But if just one bar breaks, 32 is a magnet. Whoop... it's quicker than my typing. Needs a piercing move below 68 .... 60 last swing low?

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There you go. Lower still. 432 looking probable.

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Any good bottom has a good tail, or a long bar followed by the opposite bar with little or no tail. Fast rejection of price basically.... and lots of space to the left. If there's price bars to the left, then it's still deliberating and therefore ...

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Waiting... stopped at 78... good sign.

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someone asked for 85? here it is! might long this now.

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Thank &*&^ my stops were tight! LOL

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Thx!

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