Yet another analyst :)

[lucif]

So... Will anyone buy to make Head And Shoulders pattern at this top? You know the projection.

[lucif]

No, really. This move is quitely possible.

[adamstgBit]

 

but but, i told them not too...

[lucif]

but but, i told them not too...

This can be the last chance for bulls for next 1-2 weeks.

Anyway price need to escape from coiling d/sma10 d/sma20 zone. Either up or down.

Downmove also possible.

[adamstgBit]

but but, i told them not too...

This can be the last chance for bulls for next 1-2 weeks.

Anyway price need to escape from coiling d/sma10 d/sma20 zone. Either up or down.

Downmove also possible.

we will wait for a better opportunity, thanks.

[lucif]

Let the market to decide: move down on middle volume now, or move up to test lost supports and move down on huge volume a bit later.

Or make a move, projection of what I don't know still

[cypherdoc]

Let the market to decide: move down on middle volume now, or move up to test lost supports and move down on huge volume a bit later.

Or make a move, projection of what I don't know still

sounds like trend following to me 

[lucif]

Here is the possible choice:

a) slowly go up and test lost supports
b) move down to test trendline. I dont find it heavy, so considering breakdown to lower daily BB.

[cypherdoc]

Here is the possible choice:

a) slowly go up and test lost supports
b) move down to test trendline. I dont find it heavy, so considering breakdown to lower daily BB.

either way, you win! 

[lucif]

cypher,

1) I dont try to win, I analyze the actual situation based on TA and figures.
2) Trend dont follow you as well as volume. Coz you are blind and ignoring basics of 1st year study of technicial analysis.

The main indicator on this market is volume. Look at graphs and say on which side daily and weekly candles volume?

[lucif]

And bulls need twiced past bearish volume to break the bearish picture. This is just fact.

If you beleive in miracle - you may continue to beleive we will break $14 soon.

[cypherdoc]

cypher,

1) I dont try to win, I analyze the actual situation based on TA and figures.
2) Trend dont follow you as well as volume. Coz you are blind and ignoring basics of 1st year study of technicial analysis.

The main indicator on this market is volume. Look at graphs and say on which side daily and weekly candles volume?

hey, hey.  no need to get testy.  i was just teasing you and pointing out a couple of things. 

like i told you before, don't make the rookie mistake of focusing on volume so much.

[lucif]

S3052 - the same story )) When he says "blah-blah go up, but still lack of volume" - I see a huge reversal.

Waiting for market action.

[cypherdoc]

S3052 - the same story )) When he says "blah-blah go up, but still lack of volume" - I see a huge reversal.

Waiting for market action.

what's your target and in what timeframe?

[lucif]

See pic above. No change in targets. 1240-1260. But i find move up to 1360 a bit possible. This move will form H&S pattern with high probability.

[cypherdoc]

See pic above. No change in targets. 1240-1260. But i find move up to 1360 a bit possible. This move will form H&S pattern with high probability.

can you clarify?  those sentences are a bit incongruous.

[lucif]

For both moves timeframe for escape from d.sma10/20 is 0-3 daily candles.

For downmove timeframe 1-3 candles after escape.

For upmove - we will stay around resistances a bit longer where market should stay in unsure status with low volume for a couple of days and then fall hard.

[lucif]

For upmove market may stay around resistance 1360 levels for around a week.

[cypherdoc]

but which way is it going to go now?  up to 1360 or down to 1240?

[lucif]

But my personal bet is following.

We have d/sma10 pressing from upside.

This sma was broken with 100k+ tripple candle volume. To break it upside in near look - bulls need several green candles with 100k+ summary volume.

I don't beleive in this. I bet on current short-term downtrend continuation.

I think we may have a green doji today and continue down tomorrow.