If the cci rejects the 0 in in 10 min or so (1 hr), I doubt we will get the sell trigger.
Price is outside the 1 hr H/S neck line and the 4 hr Bear flag and the daily bear flag so our targets are looking better and better. Once thru the 4 hr Neck Line then we should see the 198.06 ish lo which is where we should see some real consistant movement downward when (if) it breaks. Lets see if news will play along.
Morning Pip,
I’m sitting on the sidelines waiting to see how this plays out…I’m totally unsure with the techs at the moment…
Some of todays Fundi’s
BOE have just put �15 Billion into the market (again)…
RICS report largest House price falls in 28 years…
Im in at 199.36 but I think you still have plenty of opportunity to enter. My partner just entered at 198.90 just a bit ago.
Oops…I messed that last message up. Dont know where it went…lol. Anyways, i am in at 199.36 but my partner just entered at 198.90 so there is room to get on board but a safer bet would be to wait for the 4 hr NL break.
Thanks…How does this hourly candle look to you both? Will complete in 9 mins so will wait till then…If it closes below the last hourly open I’m in…
A 1 hr close below the 78.6 fib at 198.64 should help the shorts. No close below may give a bigger pullback.
I agree…Didn’t like the way that candle played…still waiting on the sidelines…my finger’s on the trigger:D
waiting for the NL to break is best bet at this point, for sure. I like the wicks on the 30min candles…
Nice bear flag forming on the 30 min.
Yes 30 mins looks lovely…Waiting to see if it pulls back over 199 so I can get a good entry…
good…we see the same things. I scaled out a bit when it bounced off the 4 hr NL so maybe this would be a good place to add.
Let me figure out how far we’ll pull back just now…
ok…np with your charts.
Waiting to see how the 30min and 1hr step in 3 mins…
Short @ 198.75 - Reverse candles in 15mins…
meant on 15 min chart - hopefully will lead the way through…
Welcome aboard.