ak, how come you use the 1.2877 high as the 100% fib level there?

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price pausing at 1.2965 which is the 78.6% retracement level of 1.3025 high and recent low.... could be time for a bit of retracement here before a push back towards 1.3xx again

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if we break here at 12889 wouldn't that make this H&S valid? i.e no gap to fill for a day or so...

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little correction time? im certainly not playing it but just my 2 cents

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price has been bouncing off the 10EMA on 15m chart all day here for the last 6 hours or so

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even my line has now broken voodoo haha

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lucky i got out just before i went for breakfast about 20 minutes ago

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off to bed here in the UK, but we'll see how this unfolds in the asian session and into the UK sesh tomorow morning.

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ye absolutely, not denying the existence of that TL at all. nor am i saying this TL is going to be the savour of the bears either - im not looking for 1000 pips from this

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PA crossing your TL but not mine! About another 20 pips and a close and I'm out - nothing wrong with different perceptions.

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talking about the price crossing the TL?

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until this breaks with a 1H or 4H close above it i won't consider a long just yet.... filling my boots may be an exaggeration btu ive got some shorts up with tight SLs - not risking too much here with good RR if it turns over

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short at 50, there's still that massive LT downward trendline to get through, if it breaks through that with conviction then fine, but until it does im filling my boots with shorts...

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those are some pretty hefty rejection candles on the 1H over the past few hours... i think we might head back to 93 or so to pick some more buyers before another onslaught upwards but if 93 goes there isn't much to halt it to 30/40

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quick question goes: what's the formula for working out your own s/r levels. ive got PP, s1 s2 r1 r2 but can't find what s3 r3 are? any help?!

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yes very true

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head and shoulders forming?

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void H&S. out at BE in the end as PA was setting up for another up movement. no trades now, will see what happens at 900/909

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the downward TL from today's action could push this for a re test shortly. im short as i said still with a small lot

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exactly the same as me, im in short at 67. SL above the head at 880. further pending shorts at 78 & 90

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