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...
Note
I'm saying that there's a very high probabilityof bouncing between 8300-8400 right now.
Get it? See this:
Note
8430 - most common bearish algos are set to sell below this level
Lsell = (8400-1/4[1/3]*100)...
*see the redactions... in the chart)
Note
*to sell ABOVE, of course, SORRY)Note
Anyway, 7.7k is possible; 8300-8400 flat, then pump on Monday is possible too. Indecisive market this is.Note
Has the corr. ended? ask this chart: Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.