Lolly made her points of view, I made mine, close to Sive´s insight: we stick to intraday charts & patterns.
I still think we should get low below 20131107 @1,3294 in the beginning of December or very close to FED meeting on 15/16th but do not know how we should come there. We might go below also in this last week of November but we should go in new low again in December and then we should not go above 1,3831 from Oct 25th before January, considering Monthly swings..
On first sight picture might look more bullish than bearish but until we get daily high, just a tick above Friday´s high, I am 100% short term bear, high above 19th @1,35788 would change me just into small bull. I expect we will spend next 10-15 days in this range 1,33-1,36 and contracting triangle would be the best construction because it can be turn either North either South, depends on start point. If 19th high is point a we should go down if same peak is point a of Flat, as I labeled, than we should go up…triangle could form also on bigger TF in range between 1,3831 and 1,3294…will see..
About COT: Longs are closed, shorts are added and we go North? I hate this information because it is 3 days old!
Same about rumors and statements: I hate them!
Have a great & successful week!!
I still think we should get low below 20131107 @1,3294 in the beginning of December or very close to FED meeting on 15/16th but do not know how we should come there. We might go below also in this last week of November but we should go in new low again in December and then we should not go above 1,3831 from Oct 25th before January, considering Monthly swings..
On first sight picture might look more bullish than bearish but until we get daily high, just a tick above Friday´s high, I am 100% short term bear, high above 19th @1,35788 would change me just into small bull. I expect we will spend next 10-15 days in this range 1,33-1,36 and contracting triangle would be the best construction because it can be turn either North either South, depends on start point. If 19th high is point a we should go down if same peak is point a of Flat, as I labeled, than we should go up…triangle could form also on bigger TF in range between 1,3831 and 1,3294…will see..
About COT: Longs are closed, shorts are added and we go North? I hate this information because it is 3 days old!
Same about rumors and statements: I hate them!
Have a great & successful week!!