See how that works? 7782 tested 3 times now...
There is ABSOLUTELY NO SUBSTITUTE FOR KNOWING SUPPORT AND RESISTANCE....
Edited by SemiBizz, 15 August 2018 - 02:52 PM.
Posted 15 August 2018 - 02:51 PM
See how that works? 7782 tested 3 times now...
There is ABSOLUTELY NO SUBSTITUTE FOR KNOWING SUPPORT AND RESISTANCE....
Edited by SemiBizz, 15 August 2018 - 02:52 PM.
Posted 17 August 2018 - 09:26 AM
And now we're back under that 7782...
And what does it want to consolidate again...?
You guessed it Chester...
7740
Because that's all the market does, is test these things OVER AND OVER AND OVER AGAIN...
Posted 17 August 2018 - 09:42 AM
See how that works? 7782 tested 3 times now...
There is ABSOLUTELY NO SUBSTITUTE FOR KNOWING SUPPORT AND RESISTANCE....
Are you saying then that it can't get back above 7782 before it tests 7740 again ?
Posted 17 August 2018 - 09:48 AM
No... I'm just laying out the target...
It certainly could test 7782 again, and turn right back around and test 7740, or it could fail to test 7740 here and test it in mid to late September...
Today's volume is much lighter than the benchmark, so it may not have the "juice" to get it there...
Posted 17 August 2018 - 09:53 AM
I think they are saving the sell until the afternoon, the futures didn't fall apart until late in globex.
Posted 17 August 2018 - 10:08 AM
So what it is...
Market is keying on two currency charts right now... one is CNY
The focus this morning is the other one USD/TRY (Turkish Lira)
Turkish Court ruled against the Pastor this morning, so it could be Trump's move here and that could happen today, over the weekend... but you can see the reaction on this 5 min chart... as TRY had a minor heart attack on this news this morning... so that could invert a cycle turn to the upside... we are in a Gann Turn Timeframe, we could have already turned up, it's not clear yet...