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Line In Sand replied Nov 1, 2011Simultaneous bearish 127% test now underway: image Bearish test failure, bullish continuance.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
A new bullish 127% test now underway... image
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
3700, will be critical for any bullish continuance for the remainder of this session. If that value level gets breached, then this Swap Cycle can see some really good profits - which I honestly did not think was possible to the upside, given such ...
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
A pretty strong 127% bullish rejection to the downside by the M1 on the EURUSD. Pretty heavy selling across an 11 minute time span for the M1. But, it sets up another bullish 127% test from X = 3697 to A = 3672, placing B at 3703 (for now - these ...
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Larger Harmonics are also involved. This brings 3715 back into play on a larger BC extension to D. image Here's the larger Harmonic involved: image
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
I think that was a good blow-by-blow example of how the 127% expansion test on the M1 chart can be used to get a good idea of what the market is really doing. Unfamiliar with the value of 127%? Get familiar with it, fast!
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Potential Non-Conforming Harmonic (Broken Tail) in progress: image
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Ok, it looks like we have the potential for a Broken Tail Bat, or Broken Tail Butterfly Harmonic Pattern. For those of you unfamiliar with these kinds of Harmonics, just know that it means that the "C" point is NOT contained by "A" - that's all you ...
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Another Bull test underway... 127% bull test passed with Bid breach of 127% level... The last two 127% tests that passed, were both bull tests. image
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
It is another Cat Fight on the M1 Level.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Yet, another M1 bearish 127% test, on the heels of another failed bullish 127% test.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
127% test intervals are becoming very tight - another indication that M1 is about to move.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
New M1 bullish 127% test underway... its 127% bearish test level is below the original V-Trigger. That test just failed. M1 guiding bullish.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
A new M1 bullish 127% test that passed. M1 is initiating expansion upward.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Another failed M1 bearish 127% test and more M1 price compression.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Market has been expanding on a 127% basis to the downside for the past 1 hour on the M1 chart. It is currently failing its most nearby 127% bearish test. So, this could be the starting location for a bullish stage on M1. That last M1 swing was the ...
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Again, market pays some homage to to 127% by slowly halting its decline.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
127% Bearish test just struck. M1 market swings back to Bearish, if 127% is respected by the market.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
M1 gap filled to the downside at 1522 - 7 minutes later.
The Confession & The Secret
- Line In Sand replied Nov 1, 2011
Bull Cat strikes back with a 'south paw' (I had too) to the right jaw of the Bear Cat, putting him on notice that it ain't over until its over. Note: M1 Gap at 1515 GMT. Well, that gap will get filled to the downside, sooner or later. Also note how ...
The Confession & The Secret