Triantus Shango
Sergeant Major
- Messages
- 1,371
well i would also place an order in front of the 61.8 node of that last huge move up post-EU summit.
BUT be aware that there seems to be a potential gartley 222 buy in progress on daily (also on daily for e/j). the reason i mention it is that the bottom tip of the right wing usually extends beyond the 61.8 node from the X point and that node comes in at aorund 2461. so if we do end up with such a gartley, the bottom right wing tip at least could reach all the way to 78.6%. but by the looks of it, it looks more like this might turn into a butterfly with a tip extending all the way to 100% - 127.2% from the same fib retrace structure i mentioned above.and that puts us in the 21xx-22xx range before the buying will start IFF this butterfly or gartley buy stays valid. if it fails, then we will be staring at the bottom of the pit, so-to-speak. ;-)
BUT be aware that there seems to be a potential gartley 222 buy in progress on daily (also on daily for e/j). the reason i mention it is that the bottom tip of the right wing usually extends beyond the 61.8 node from the X point and that node comes in at aorund 2461. so if we do end up with such a gartley, the bottom right wing tip at least could reach all the way to 78.6%. but by the looks of it, it looks more like this might turn into a butterfly with a tip extending all the way to 100% - 127.2% from the same fib retrace structure i mentioned above.and that puts us in the 21xx-22xx range before the buying will start IFF this butterfly or gartley buy stays valid. if it fails, then we will be staring at the bottom of the pit, so-to-speak. ;-)
Good Morning Alll
Im lil confused , according to me 1.2570 area will hold and then we will see bulls again , but at the moment price is still hanging around this area hourly and 4 hour macd is bearish too , so now shall i place a pending buying order around 1.2500 with 50 pips sl , can anyone guide me for a better entry pls ..