There are plenty of interesting levels here, it is not accident that price just can not make up its mind.sponn » Wed Oct 19, 2016 6:21 pm wrote:I''m not an expert but I would say.
1. There is no interest zone on the left hand... last PL is lower than your entrys.
2. According to UJ we are on the level 1 on 4H DOWN... so still 2 levels down for uj.. Should I say what will be going on with e/j wnen u/j will be dropping like a stone ?
Of course I could be wrong.. or probably I'm wrong.
That does not mean price will go all along to the TP level (that I changed to 113.65 and 113.85) but I think a 50% retracement of the latest move down is not impossible. I am in green and the worst that can happen is a BE.
Edit: Look at the monthly chart first, then the weekly. Adding what I meant as 50% retracement as profit target, but you see I placed my TP levels below the line.
). Inspired by Captain's posts, I registered here and began reading this thread. I'm familiar with levels and cycles from past years of study but, Captain's posts are bringing everything together in a cohesive form in my mind.