Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
hdbuck
on 12/12/2015, 12:23:33 UTC
...
Tzupy,

Curious, why are you bearish?

Because I believe this has run out of steam, and a correction (amplitude unknown) is due, but for now the little triangle broke up.
There is a bearish divergence in MACD in 1h and 2h, and soon the 6h PSAR (and then 12h) may flip to bearish.
Without the little pump that corrected lower than the start point, we would have an hour or two till the correction.
With the little pump, if there's going to be a correction, it will happen again while I'm asleep (I hope not).

Is it still bearish  Huh

The Chinese pumpers managed to delay the correction until they reached their target, and now dumped upon the piglets.
I waited until 4am (my time) and then had to go to sleep, of course this started around 6 am, so I missed the short.

missed it too :/

seems we're up for another round tho.