First of all, I want to say that I have accepted some criticisms and now I am trying to implement them. It's like trading - sometimes you have to accept your 'mistakes'. Also, I changed my layout a bit. I could not see the bright blue anymore. I never worked with it. Mostly I only copy the ideas of my private chart here.
Anyway .. in the following chart you can now follow my idea. It's the same idea as the last post. However, anyone who follows my updates knows that the structure in the small blue border has changed. Since it is not worth trading there, you can ignore the part. We want the big winnings to make a lot of money and that's what you're here for. Due to the potential changes, I do not like to trade corrections unless I know exactly what's going to happen next.
In the updates, I keep you up to date in case there are small changes like targets.
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Very likely that we are going to hit 8200 after a small fall.
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The hit to $8200 won't come, better for us. Next stop around $7500-7700
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At one of my last posts I said, that I will buy at about $7500 and keep it till about $8200. Now I decided to wait, because there is too much risk in comparison to reward. I still could imagine that we will bounce there, but if the opposite happens then you will lose your money very fast. I am looking to buy at around $7200. Everything depends on the situation.
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Ready for some fireworks?
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Broke out of the corrective structure, made a flag and you know what it means. I could imagine that we are going straight to 7200 now until we see one more move up. After that we should reach our buy target.
Fireworks coming later. We will see one more little upmove. Looked wrong on the structure.
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Don't panic about the upmove. It could go to 8300, but I think it will stop on the way there. Then we should see the fireworks.
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$7500 are reached. Next stop at $7200, where I could imagine a little bounce $8000 area. It is because we need one more bounce on the way to $6000 area to complete the running flat as you can see in my idea.
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Upmove should stop at 7500
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Didn't stop as expected at 7600. This upmove looks strong. It has potential to test 8000 area. For more infos check my new idea. Sorry for the irritation, but everything can change fast.
I have Besen following your work for 3 mont now. Amazing work. Thank you for sharing
E557
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@Laranja1, Thank you very much, really nice to hear. In this time I learned very much and I will get even better.
SecludedJ
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@e55, I'm watching every update too brother. Our ideas align. Was expecting this exact play out days ago. Very dangerous zone to be doing any flipping.
magicliff
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Have a like, good job...
lucik1
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wow you starting to accept your mistakes ... keep it up dude , lets predict the true bottom in this madness . Good luck!
I think we are seeing a different kind of market now as more and more buyers are catching on to the manipulation that has been going on. This could explain why bullish volume is so low and we are not seeing as much volatility. In short, people are losing interest. Most likely because they have been burned in this market. That's not to say things won't turn around. Just that people are getting smarter in this market, which is a good thing.