Aussies not looking happy
The current picture on the 3D time frame shows the following:
1. Price has rebounded to a 61.8 fib and is struggling.
2. The market has disallowed 6200 on four occasions.
3. Price is flattening in a structure zone.
4. The rebellion to current level has taken 5 times what it took for price to crash.
5. This is still a bear market as price has not nearly challenged the 6620 level.
None of each of the above means anything on it's own. But taken together the probability is for the south around this time. How far south - nobody knows! The probability can change as new information emerges.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
1. Price has rebounded to a 61.8 fib and is struggling.
2. The market has disallowed 6200 on four occasions.
3. Price is flattening in a structure zone.
4. The rebellion to current level has taken 5 times what it took for price to crash.
5. This is still a bear market as price has not nearly challenged the 6620 level.
None of each of the above means anything on it's own. But taken together the probability is for the south around this time. How far south - nobody knows! The probability can change as new information emerges.
Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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