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Well, first we have to crack the 400s...but I generally agree, especially the pullback is the same as the one mapped out in my head, maybe 50pt more, but the region seems likely...time will tell.
As a GFIs1 rule fixes to not trade for two days after a Hi/Lo of > 250 points:
Today the range reached 256 points during cash hours.
So we have NO MORE TRADES left this week
This week we had two trades
one negative (-20 points)
one positive (+140 points)
Quite some uncertainty! Still!!
Normally on Monday - money is coming in again after the weekend... Which means
normally some bullish behaviour. As the price started from within 30 min Kumo
some strange undecided development was obvious - which did not prevent from
making a trade though.
For tomorrow I am expecting some more move up (not much) which will NOT be
traded here. (Resistance on the daily is 7660 which is nearly out of normal movement).
Then from Wednesday expecting to see some major down movements - as we are
heading right now a resistance area which prevents from further bullish actions.
Since some days back we had in the Hi/Lo 2 valid long signals and one short signal in between.
Expecting now a longer leg down after the price here (maybe tomorrow) will give the next valid
short signal. That down movement has two major supports @ 7396 and 7194 which should be
reached within the next two weeks.
GFIs1
Edit: Looking at the daily chart we have today a rare 4 short candles in a row. The last
occurences of 4 similar shorts were one in September and one in October last year. Looking for a long
candle tomorrow before the shorts could come in again.