This has "the look" but not really the technical requirements
of an ending diagonal that subdivides into waves of 3-3-3-3-3
Yet, it is happening at what could be the top of a huge move.
Cable likes to hit and retreat with the big figures, so I'm thinking
that a very low risk short might occur around 1.6900.
This would also produce the common Trend Line Overthrow of an ED.
Much above that and this is not a valid idea.
Good divergence on the macd but the rsi does not really diverge
until you drill up to the daily chart.
I'm not a fan of ~~ bending ~~ the rules but this has just enough
right, And Wrong, I have to give it a try.
Especially with the well defined - I know immediately if I'm wrong -
low risk. Not taking this trade would leave my butt sore from
kicking myself for not taking the short IF I get the price I want:
I'd rather be wrong and move on to the next trade.
Really need the candlesticks for this one ~~~~~~ To
provide a more exact entry trigger and stops.
of an ending diagonal that subdivides into waves of 3-3-3-3-3
Yet, it is happening at what could be the top of a huge move.
Cable likes to hit and retreat with the big figures, so I'm thinking
that a very low risk short might occur around 1.6900.
This would also produce the common Trend Line Overthrow of an ED.
Much above that and this is not a valid idea.
Good divergence on the macd but the rsi does not really diverge
until you drill up to the daily chart.
I'm not a fan of ~~ bending ~~ the rules but this has just enough
right, And Wrong, I have to give it a try.
Especially with the well defined - I know immediately if I'm wrong -
low risk. Not taking this trade would leave my butt sore from
kicking myself for not taking the short IF I get the price I want:
I'd rather be wrong and move on to the next trade.
Really need the candlesticks for this one ~~~~~~ To
provide a more exact entry trigger and stops.