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27/04/22
13:59
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Originally posted by Darkstone:
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I'd say there is a reversal up under way. We have had 2 upwards (1 minute chart) 5 step EW rises, perfectly correct downwards corrections - to the cent and we might now be on our third. This should finish green today barring any bad news world wide. This is the first time in a few days I have been able to trade it reliably. Every trade has worked except the morning "oh crap better dump it on open trade" - and that was really only because I didn't set the buy back price ('cuz I thought it would go lower, and there was no point). I am now fully back again (having been in and out a few times today already). Not sure how long it will go, but if this keeps this up today we should get at least a couple of days of rises. Going to keep trading the swings today because you just don't know. I note that PLS has developed an extremely strong defense under 255 as well, and Min is already green - so we might be seeing something developing across the producers.
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Definitely due a couple of decent days, but US markets are very fidgety. Some big Us earning next 2 days with FB, Amazon and Apple. Was some good opportunities around this morning. Do you think here is in the same ABC correction cycle as PLS? Im still thinking there is a 4th and 5th fractal to play out there. Harder to see on the AKE chart IMO. A decent couple of days puts in no. 4. Then possibly wave 5 sell the rumour of the Fed meeting, and buy the news after. Just my thoughts. Cheers GLTAH