For those who like geometric analysis: figure this one out... MT4
Ellipse 1
2013.10.30 06:00 1359
2014.02.04 19:00 1359
Scale: 0.604
Notice the geometry I highlighted before? The pivot point comes Christmas Eve. have you noticed that that is when the markets go into shutdown mode? What better point for a FED decision to be announced? Notice the termination date? Financial year end when annual TAX RETURNS are due? See that it begins on the Monday of the last week of Q3? Timing is perfect and scopes are accurate.
Add fibo levels
2013.10.30 13:00 1358.8
2013.12.04 11:00 1211.6
Notice that the last retracement was to the exact 38.2% and market hugs the 1234.5 level? That level has become resistance where it was support before.
Another 3 to add: -
lines as ray:
2013.10.30 15:00 1359.6
2013.12.13 22:00 1238.6
2013.10.30 12:00 1359.6
2013.12.04 18:00 1251.6
2013.06.28 02:00 1180.4
2013.12.04 11:00 1211.6
Notice the symmetry there and that there has hardly been a broken rule?
And now we are truly in the London Lunch Hour Turn... back to it's handlers away from the gamblers.
Best on H1 to 15m charts
Ellipse 1
2013.10.30 06:00 1359
2014.02.04 19:00 1359
Scale: 0.604
Notice the geometry I highlighted before? The pivot point comes Christmas Eve. have you noticed that that is when the markets go into shutdown mode? What better point for a FED decision to be announced? Notice the termination date? Financial year end when annual TAX RETURNS are due? See that it begins on the Monday of the last week of Q3? Timing is perfect and scopes are accurate.
Add fibo levels
2013.10.30 13:00 1358.8
2013.12.04 11:00 1211.6
Notice that the last retracement was to the exact 38.2% and market hugs the 1234.5 level? That level has become resistance where it was support before.
Another 3 to add: -
lines as ray:
2013.10.30 15:00 1359.6
2013.12.13 22:00 1238.6
2013.10.30 12:00 1359.6
2013.12.04 18:00 1251.6
2013.06.28 02:00 1180.4
2013.12.04 11:00 1211.6
Notice the symmetry there and that there has hardly been a broken rule?
And now we are truly in the London Lunch Hour Turn... back to it's handlers away from the gamblers.
Best on H1 to 15m charts
You win, you lose. All else is history. The future does not exist.