The magic candle is a perfect fan of the prior THursday low
and todays low (virtual fan). MC's are 23.6% minimum, so 210.03?
#$%$, but also todays LOD was pretty big stuff on the daily as support.
I can't think there is ANY news that can justify it, but that doesn't matter.
The REALLY bad news is over, so what follows will seem good
even if it is just ok. Even the jobs report will melt away with the Service ISM onMOnday
which might be ok.
Oh yeah? some of them still exist. I think the DMT one does.
That would be sorta fun huh, but they are some work. I will think about it.
good luck with that
"I DON'T know for sure where this is going", how's that, happy?
but I don't recall ANY Magic candles that weren't AT LEAST 23.6% fib markers.
unless this is going to 210.03, it is going to 203.85, in my mind.
U always turn into a mean drunk when U are losing money.
Drink less, buy less, post less and U will look less stupid when
my predictions hit to the penny from DOLLARS away
Yeah, U right irrelevant babble, like yesterday and that 207.09 nonsense
it doesn't matter, candle appears and means nada, yeah, means nothing
U figured it all out, yeah, got me there, good one.
Actually, unlike the dynamic PM lines which do change, this number
205.81 will NOT be changing. We WILL see what it meant later,
but it CAN mean we are taking a trip to 203.85, or lower.
and yes , it doesn't have to be today
if it is a bull candle. WHY the market would go there, I dunno.. BORED? INSANE?
on a 3 day fib basis, the open is -50%, magic candle is -38%,
LOD 204.09 just BARELY a LOWER LOW, also a possibility instead of 203.85
Normally they are used when changing direction, to give
a target to that direction change, the MINIMUM of which is 23.6%
as a fib level of the candle. This can happen day 1 but normally DAY 2
after a top/bottom. This is neither a new (lower low) bottom,
or day 2 of such. GOT ME
yes. The fans of triangles get hit in BOTH directions, and
basically then turn into HUGE meagaphones, depending
on how long they show influence. Obviously that can;t go on
too long, the fans go out of reach. But the downside fans
are NOT out of reach, in fact it hit one anyway near LOD
around 204.71, but there can be lower (using other fans)