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Double bottom breakdown. I’m hoping it drags out until Friday or Monday- and it’s actually looking very good to do so. I have my fingers crossed.
I’m thinking I’ll buy back in just below here, maybe the 2100 mark, likely on Monday next week. We shall see. Too early to know for sure, but it looks healthier to me to lose a bit more.
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Re: P&F Chart School
I’m now seeing 2140 as the most likely drop/bottom point /reentry point in the next few days.
If not today, then tomorrow or Monday I am expecting (75% chance) of it hitting 2140, and a 50% chance of 2130, and the just a 25% chance if it going to 2110-2120 range.
If it drops to 2140 on Monday, I’d likely be a buyer.
But that’s just me.
Good luck.
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Perfect place to buy in coming Monday. It fell down to 2089 for a brief instant thus morning, before recovering, and is sitting at 2147 as I write this.
Monday looks prime to me at this point for a jump back in based on the P&F chart activity.
There is a double bottom right here that looks really tempting to me. The o LT thing I would say is it is possible it will retouch this area early next week, but I think we will be ok if it did.
Good luck:
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Take a look at where the “S” fund is right now on the P&F chart.
Either it breaks uowatd through the red line tomorrow, or else it turns around and sinks again. I am thinking that with the falling oil prices, there is a solid chance the line will break through upward.
If it does, then I think we’re going to find strength moving forward.
We shall see which way it goes soon.
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