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Lol. From his photos, I'm surprised Larry got out of bed. Here's some more Fib fun to ponder (not endorsing this stuff by the way, but an interesting read at least:
We sold off and got the lower channel line. I bought 3934.25 and sold at 3954. It was a double bottom from the other day and last time we were at these prices the day closed in the 80's. I exited early because we were near the top of the range for the day, had a VPOC shift up and thought that we could range more. Since then it appears to be trying to trend up.
Yeehaw! Double bottom + FOMC saw a large rally through the top of the channel. We closed the weekly gap. Looking to see if today or tomorrow we make a higher or lower high. If we follow the channel we should fall back into the channel, if the double bottom became a channel reversal we could be on our new bull leg back towards the top of Sept TR and possible new ATHs!!!!
54-49 confluence held for the first hour or so, then price broke below, but reversed back above, with one 5 min bar breaking through the whole confluence. Upward drift to the next confluence in anticipation of Fed Minutes. Break of that confluence on release of Fed Minutes. Price shot straight up to next confluence, ricocheted between it and the weekly level (cyan). Nice dip buy there on support which took it higher.
Blue cyan arrow shows on a weekly levels basis the move from the minor level up to the major level. Curious to know, would this have been helpful in your trading? Sound off...
p.s. -- On first glance, the major weekly level at 4027 seems like a nice candidate for a retest (maybe tomorrow) before we move further up.