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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (44743)11/24/2021 4:38:48 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

   of 97516
 
As an FYI, the 8hr chart pretty much shows the actions of Asia, Europe, and the US in successive bars. Asia tends to follow the US lead and EU tends to counter Asia. When they all agree with each other, you get massive runs followed by a bounce. There is a rough rhythm of 3 up days (about 10 bars) and 1 down day (about 4 bars). So Friday, Monday, maybe Tuesday up, then Wednesday we'll know if this was a bull trap. This is the rough sketch - you can't trade off of it, but it sort of paints the way.
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