the market is in denial of the moves of the dollar, I'd say it's a good sign. That the market is in solid Denial, and it's very near term bearish.
Oh... and what we want to see is a third test of the 15 and for it to break through, and then we can play with the 60
4 comments:
By "the 60" you mean the 240-ema on the 5-min, right? it's confusing.
it also seems like there is plenty of support well above the 240-ema
Ya... I'm just trying to get to short hand with you, where i can say 60 instead of 60Min Bar 20 EMA.
or at least 60-20.
well that 60, is coming up fast it's at about 1090 now. which is above our Lower low.
I give you credit if it makes it to the 5-min 240-ema. It just seems like a lot of support above it. I did get some SKF near the HOD, so I hope your right. *Hope*, geez....
... my right-brain sucks.
none of it matters... we still need to see the next series of 65minute upbars... regardless of a Lower low, we can still get a follow through Higher high, which would be a High Probability Top.
the question will be will the next swing be a higher high or a lower high....
After the Lower low!
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