Monday, September 26, 2016

9/26

YM +51

Here's how I played today's PA:


Earlier in the morning when I got to my screens I had posted to the forums my initial thoughts along with a chart.  These proved to be incorrect:

"Some thoughts this morning
We are bouncing from PRZ. If we get followthrough then we could see price test the 1:1 extension / harmonic correction.

But also, we are 99% net short so could see squeeze up to 160-180 for test of structure / 382 of whole move down.

We'll see what price gives us at open."


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