FFG Charting Thread 2024, page-7

nothing overally far fetched about what old mate is saying. Its a text book retrace and looking at the weekly with the 13, 20 and 50 day ema I use. Bouncing off the 2ish mark is about where I'd expect it to turn around aswell.

I'm.not ramping or running down I'm just saying don't totally write off what he's saying just yet. Charting is definitely in the eye of the beholder and ya can't just say stuff or draw lines on things that aren't there but retracing further to around the 2 mark is absolutely possible. Especially when those emas have just crossed on the daily and we have no demand at the moment.

look back at history and how it respects the emas for a bit of an idea on what MIGHT happen.

it's just an opinion from an interpretation of the charting tools he uses. It's not concete, i said the other day it's looking to bounce and I'm waiting for a good buy in point. I don't care where that is but it's not this week yet I know that. Might flip tomorrow and I totally.miss an opportunity. So be it. That's trading. Might hit 2 then trade sideways for a week. So be it. That's trading.