Daily flat about to be completed

mark124의

업데이트됨

Shorts about to be squeezed and market participants likely get bullish straight into finish of wave "C" ;)

노트

Bare in mind that even 7.6-7.7 is enough to complete flat. Doesn't have to go that high as marked on the chart.

노트

Going with plan.

노트

Some data not present on chart:

reversal zone is quite wide and around 8280-8650 so it might go little bit higher than marked.

노트

Target was hit

노트

However we see that this is quite strond indeed and might overperform towards 9200 area. If it does, then it's more like ABC correction - not a flat one.

노트

Market might retrace to 7.8 with quick crash anytime from now. Odds are not big but stay prepared.

노트

Either with correction or without.

노트

In case of correction it should be quick one with long wick.

노트

Initial target were hit with precision up to 5$.

노트

Inv about 10.45 stamp. Reveral zone is quite broad from 9 to 9.6, not looking for tops or bottoms as always.

노트

Measured target for H&S from bottom is around 9440. Dont get caught in bullish euphoria here. This is potential reversal zone which can result in great multi-day swing play.

노트

Target hit with few dollars precision

노트

However we expect that this might get pulled up for one more strike up.

노트

Bottom is just rough estimation.

노트

Today is friday so cme close, if this doesnt get pulled to at least 8.7 before close - 7.9xx-8xxx visit might be on cards.

In this case the proper spike up we mentioned above might get delayed until next week.

노트

In theory area was areached, but timings might not allow this one to trigger (READ ABOVE UPDATE). Weak CME close will result in further selloff during the weekend.

노트

CME Closed at 8.5, this is not bad and no good. Staying neutral.

노트

As update: we're expecting market to make some new local lows then bounce towards target market in above chart (9xxx). The possible reversal zone is from 7950 to 8130.

노트