We didn't manage to take out the 0.618 Retracement with one more high - followed be the mentioned sell-off. It seems that the Minute (4) in yellow is still in Progress. I do expect more downside to take the swinglow from January the 2nd to put in a new low and reset the chart by testing the 50% retracement. There I assume we reverse to the upside to put in the Minute (5).
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.
Comments
Log in or sign up to join the conversation.