squalou wrote: If we break the 1.3145 low established on Oct 4, we'll have to set DaysBack to.... 400(!!) to uncover D1 levels further south... !!
Next stop at 1.3055, then 1.2970.
Sq
DING DING !
Massive EU drop down to 1.3058...
EU now taking a breathe...
40p bounce off 3058,
and now pointing down again...
will complete the "hook" back to retest 3058 level, and then .....
We are now looking at the Low of the Year back in .... January : ==> 1.2970 ?
Or a massive bounce up to 3164, which has been a very good Support earlier today to finally break and produce this massive drop;
3164 would now logically play as a strong Resistance.
I would probably ignore 3146, as it was ignored today...
Ladies and Gentlemen, please fasten your seat belts and get ready for the next RollerCoaster tour !
I love S/Rs !
As you can see, there is a lot to develop with JUST S/R LEVELS ALONE.
(almost...)
SQ
