This is probably the most important value
one should consider in this position...
The nature of algorithmic trading makes
this level very important for a
wave model analysis.
See the charts below...
one should consider in this position...
The nature of algorithmic trading makes
this level very important for a
wave model analysis.
See the charts below...
Commento:
8430 - most common bearish algos
are set to sell below this level
Lsell = (8400-1/4*100)...
*see the redactions... in the chart)
are set to sell below this level
Lsell = (8400-1/4*100)...
*see the redactions... in the chart)
Commento:
*to sell ABOVE, of course, SORRY)
Commento:
Anyway, 7.7k is possible; 8300-8400 flat, then pump on Monday is possible too. Indecisive market this is.
Commento:
Has the corr. ended? ask this chart:
Commento:
of bouncing between 8300-8400 right now.
Get it? See this: