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NYSE: the NYA shows the same possible sideways triangle but seems to be indicating that the current wave down (wave d) needs more downside.
Of course these triangle shapes can end abruptly and not complete in a ‘perfect’ pattern.
Also might not be a triangle at all, but we’ll see what develops…
My lean is Ftse & Dax spill down to seal S2H tuesday.
If this is correct they should be higher by 10am
as part of S3H wednesday.US majors to mimic euroland.
Never give up, never surrender.
My lean is Ftse & Dax spill down to seal S2H tuesday.
If this is correct they should be higher by 10am
as part of S3H wednesday.US majors to mimic euroland.
Euroland has gone deep & dirty which puts my lean out of salts !
Never give up, never surrender.
Mixed signals re Ftse & Dax STD vs US majors STD
I will look at the numbers at 5pm UK time to see how the mop flops !
Never give up, never surrender.
Cable being lifted higher by a balloon filled
with Brexit deal and US stimulus … hot air !Never give up, never surrender.
Small short GBP:USD at 1.31600 … stop 1.36000 … limit 1.20000 ( x 3 )
Could be my Christmas bonus or am I just crackers 😉
Never give up, never surrender.
Trader positioning for the US election will be interesting.
Talk of a Brexit deal by mid november … well the UK is not
signing anything until they know who is in the White House.Never give up, never surrender.
No US stimulus before the US election because
who would get the credit / extra votes.No Brexit deal until after the US election.
So it is US election as the main focus, imho.
Never give up, never surrender.
NYSE: the triangle continued and dropped lower as suggested.
The ‘perfect’ target is for another wave upwards (wave ‘e’) to 13,142. However these things are fickle and can end abruptly. It can be argued that the sharp rally and retrace during the day was ‘wave e’ in which case the market is likely to drop without warning.
DOW: the ‘shape’ might be changing into a falling ABC with ‘C’ as another falling wedge as shown on this chart.
My target is 27,775 and it can get there with this shape.
If correct, instead of rallying to form ‘wave e’ it will drop instead to hit ‘wave c’ of the C wave wedge. See chart.
DOW/NYA: in fact I have revised my opinion and I’m now showing a potential ABC down with ‘B’ as a flat with c=0.618. Now in C down.
We have not had Kimchi for a while now.
It’s on the next shopping list, if I can get it.
Never give up, never surrender.
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