It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left
@Aaric201, who knows. i dont either. just an idea based on a system. if it goes upward we will evaluate from there
ProjectSyndicate
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got a similar outlook, let's see what we get now.
PolarHusk
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Good idea. Thanks
transparent-fx
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during this accumulation phase, it is very possible to see a stop hunt lower, but at the moment we are in monthly and weekly support area
Gunslinger2005
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@transparent-fx, monthly support was L3 for the range . and L4 for the breakout range. this is standard floor trading camarilla pivots. and these levels are algorithmically projected for daily and weekly and monthly times frames. based on the previous timeframes high low open close. and volatility range. I did not draw these lines. they were plotted "by themselves" on the 1st of the month. and take a look at the reactions on them. there is a very specific system to trade camarilla. and it goes 3 to 3 range and reversal. and 4 to 5/6 breakouts. as per this monthly I will not be bullish until it regains the monthly L3. maybe I will intraweek or intraday trade up levels. but the rules apply on their time frames. we closed with levels that we lost. and this system is applied by big banks, and floor traders and works across all markets. you can compare levels and price action by using standard pivot points and changing to camarilla sub settings. so to be clear. I did not plot those levels.