CL Redux

[EON Kid]

GM
open near last Wednesdays low

crude #s are tomorrow due to the holiday

 

[ammo]

Quote from ammo:

the wide spot in that bear flag is 2.25 range,breaking it ,in theory. will give us a 2.25 drop,somewhere in the 88.75 area,breaking into that channel when going below 90.25 could give us the bottom of channel 85-86 area

bear flag target reached,there is a nip there,could bounce to cleave above,if it doesn't hold,drop to cleave below

 

[ammo]

dollar nearing 83-83.25 long term tl

 

[Laissez Faire]

88 a possible target for the day, me thinks.

88,38 for a dollar swing.

 

[Visaria]

Quote from Visaria:

short 9000

out at 8850

 

[ammo]

eur usd hns..nice V

 

[Laissez Faire]

I was long at the dollar move, but scratched it now. Pending news release at 10:00. :eek:

With ES due for more down side, a slide to 88 still looks like it`s in the cards, although I`m open for another shot at the long side.

 

[EON Kid]

Quote from Laissez Faire:

I was long at the dollar move, but scratched it now. Pending news release at 10:00. :eek:

With ES due for more down side, a slide to 88 still looks like it`s in the cards, although I`m open for another shot at the long side.

with yesterdays volatility expansion you have to give much more room today.
Classic down trend day? 20 tic retracements so far

On a trend day - counter trend trades look like clear reversals (so take quick profits ), while continuations are ugly & $$$ - Al Brooks


8850s was the 61% retracement on the Oct to Mar swing

 

[Laissez Faire]

Back up to test 88,80 first, maybe?

121 cent down swing without any significant retrace, but I can feel 88 pulling.

 

[Visaria]

short 8850