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Not that it helps you in anyway, but this is a PH built on Ensign with virgin POC extended look like, the options are shown on screen. For 6E & ES.
Not that I trade this way, market profilers (seems to me) speak Klingon. Just can't seem to figure out how to use this chart....better left to smarter traders than me, he he
On the 6E, I am very sceptical that a short term bull trend (even within the larger macro bear) is going to simply roll over and resume the bear like this. I would be surprised if I did not see exhaustion. Also, if I squished my eyes, I swear I can almost see the begining of a 3PDH with the exhaustion pending to the upside. I would like to see what happens in the zones below, how price behaves -
Well if we can't break 3030 or 3026 then it increases the chances for a continuing accumulation back into the 3200 area. I am hoping we are done with that, and once we break down past 3026 then past 3000, I would imagine we will see an increase in velocity towards 2950, 2930, and below. Not sure how far we will get today.
BTW, since I haven't slept I've been watching charts and DOM while I work. One thing I always look for is the "ease of movement". In this case, I believe the Euro has certainly moved down much easier (quicker) than it has moved up this morning.
This chart confirms it clearly:
Lots of quick red downward, whereas blue is sideways and a mixed battle.