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  #729 (permalink)

Honolulu, Hawaii
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
bluemele's Avatar
Posts: 2,547 since Jun 2010
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What a nice selloff today. Market pushed right through October's swing low with no hesitation and hit a clear low volume area (weekly chart) like a magnet. Beautiful stuff. I wouldn't be surprised to see price drift down into the next volume node which may find some firm support at around 1.2950 area which could prompt price to retrace back to the previous swing low which should be rejected from there. Tough to say for certain of course but this sure is getting exciting.

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No money on it, but looking for 1.285 as 100% ext, but lots of support right above that so who knows how long till it gets there.

It is funny how I keep learning to not have expectations for this short. I think we all knew it was coming, but kind of like the time I lost my virginity. I thought it was going to happen a lot faster than it did.. haha... (x rated post?)

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