Which confirms that TA works, indexes are failing to advance with weakening pattern (potential third lower high), on weekly time frame easily...
The big Q is whether it's sustainable or not? It's not obvious from charts.
Definitely!
All charts aside, until there is a clear resolution to the referendum GBP will keep sliding, look at GBPJPY.
Efforts being made to take index higher from a very important zone, but I believe they will fail.
@trickshot looks like Japan is ready to pop now. Third lower top has formed, seen on weekly frame, bring out the Claret.
Third lower top in Nikkei! Hedge funds will be all over this one, algos seek out times like this exact one. [ATTACH]
Correct. But it will be a lot more likely, third lower top and we crash.
This ain't stopping at 1800 next time
Rickshaw, you were saying?
This could be the start of a third lower top.
I am still overall bearish, this daily run is a bluff. Yen is rallying & metals are basing.
Hope so.
This ain't church.
I am not surprised by anything, in fact I am ready for surprises, good or bad.
Yen up again. Silver & Gold are looking like a coiled spring on monthly. Something is definitely brewing.
If equities are safe, then why is YEN climbing?
Also look at YEN monthly, clues?
Does this instill confidence? Not in my book, because 3rd lower high is still plausible and if it takes place, then we literally dive and nobody...
But your position could remain unprofitable for years.
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