Triantus Shango
Sergeant Major
- Messages
- 1,371
well... no major reversal patterns yet... the market is in slow-mo free fall. we just gotta wait at this point. or play M1/M5/M15 for 10 to 20 pips at a time.
So Mr Triantus, ALL charts are now bottomed out at expected heavy supports yet no supporting behaviour has happened and price action is also still slumping to the downside... What is your prediction on this? I have decided to wait it out till tomorrow and see what Sive's analysis provides. Although I don't think there are really any patterns to suggest retracement from this point so it will be very interesting to see what his take is on the overall short term perspective.
I have a hunch that his analysis will tell the bears to wait for a bit longer, as there really seems to be no other option, and I myself am not sure if I should be marking out the upcoming supports (if any significant levels are even close despite recent fibonacci levels already crossed), OR for the potential target/s for the retracement if any will happen.