AI
Wednesday, May 24, 2017 5:49:02 PM
very hard call to predict here.
Even today, it stayed stuck in this tight zone at 5.85/5.80....so if it hits 5.93 or falls to 5.71 its the same tight zone.... right now,the technical chart ,my last chart, looks more downward to the 5.50 target, which could become a plunge to the 5.35 target. I would be biased to this downside target first.
but the little bounce target is only the 6.10 pivot cap... so its a small dip from 5.70 to 5.50 or a small bounce from 5.80 to 6.10.... it got capped again today. at 5.88 or whatever. The larger swing target station, for a more complete wave, are the 6.30 target and the 5.30 target. I might still be biased to see the 5.30 target zone reached first. I do think this 5.80 balance line, look at it today, even more magnetic now. like a flat line comatose at 5.80 now.
so 50 cents up targets 6.30 and 50 cents down targets 5.30.
The support level at 5.60 is interesting here though, because it has some force,how much I don't know, but there is a force that could hold at 5.60,and if it does a few times, maybe the MM's would give up trying to push it below 5.60. Reason being, that IF they pushed down thru the 5.60 , it would likely run some stops, and might even cause a little panic, that would make 5.50 automatic but could also generate that panic plunge to the 5.30 target. so Any breach of 5.60 could be a bit dangerous. However having said that...look at how they already brought this bleed down to the 5.60 a few times and it even hit 5.58 and 5.59 and they brought it back up.....so ,what to make of the 5.60 base... those last two bounces at 5.60 might have been like test runs...to see what the reaction would be. then they decided to cap the bounces with tight control at the 5.87/5.94/5.88 area now,and retest also the 5.70 as they did,.... it looks like a feeling out process here. I suspect the buyers are eager to bounce and rally ,get it going, and the MM's are forcing it to cap ,so far around the 5.90 area.
A lot of careful control in both directions.
If we're looking for more bleeding down to target 5.50 that could happen, and if that also generates a plunging falling knife from the next day after that hits the 5.37 target/5.35 target,that would be an automatic buy trigger for the technical chart. if that happens.
As far as bounces from this current 5.80 launch pad, letting it climb up slowly could target the 6.10/6.15 and maybe it surges to 6.30...why wont that happen if the support at 5.70/5.75/5.80 Holds here, then the buying efforts could generate, and the game then becomes the MM's either allowing the bounce to target one of those pivots above 6.05 or else the game is the powers will force a cap somewhere below 6.00 like they've been doing for days now.
As I think all this thru, it reconfirms my theory that all price movement is under the control of the big money MM's and financial controllers,their super computer trading systems that keep it under control. and what they are doing for the last few months and could for a few more until great news comes. ... they are deciding how much of a Trading Range they want to allow. So far they have crafted a Range Box that's roughly from 5.60 to 6.15(maybe 6.30 ) maybe 6.20 provides better math.... and you've got a zone that has 20 cent steps.... 5.60/5.80/6.00/6.20
and in between there are the 5 cent steps , that also get hit as targets. The Fibonacci targets are these as well, and pivot point targets, all around this area.
IF I start playing with these numbers,like the 5.80, what makes it special to the whole chart. cut in half is 2.90,a double is 11.60, 8.70 is in the equation as well. there are patterns that made the 6.60 area a big shoulder zone for resistance which made the 6.64 peak an obvious (caveman) target. 6.30 target was a pivot area from the whole chart .
5.80 probably has a Fibonacci connection to the giant peak at 14.84 and the very bottom at 60 cents. maybe that chart would show it.
Anyway, geez, I can never give a short answer,can I ??
What do you think, can the MM's push it down to 5.50 and then plunge it to 5.30 ?
Even today, it stayed stuck in this tight zone at 5.85/5.80....so if it hits 5.93 or falls to 5.71 its the same tight zone.... right now,the technical chart ,my last chart, looks more downward to the 5.50 target, which could become a plunge to the 5.35 target. I would be biased to this downside target first.
but the little bounce target is only the 6.10 pivot cap... so its a small dip from 5.70 to 5.50 or a small bounce from 5.80 to 6.10.... it got capped again today. at 5.88 or whatever. The larger swing target station, for a more complete wave, are the 6.30 target and the 5.30 target. I might still be biased to see the 5.30 target zone reached first. I do think this 5.80 balance line, look at it today, even more magnetic now. like a flat line comatose at 5.80 now.
so 50 cents up targets 6.30 and 50 cents down targets 5.30.
The support level at 5.60 is interesting here though, because it has some force,how much I don't know, but there is a force that could hold at 5.60,and if it does a few times, maybe the MM's would give up trying to push it below 5.60. Reason being, that IF they pushed down thru the 5.60 , it would likely run some stops, and might even cause a little panic, that would make 5.50 automatic but could also generate that panic plunge to the 5.30 target. so Any breach of 5.60 could be a bit dangerous. However having said that...look at how they already brought this bleed down to the 5.60 a few times and it even hit 5.58 and 5.59 and they brought it back up.....so ,what to make of the 5.60 base... those last two bounces at 5.60 might have been like test runs...to see what the reaction would be. then they decided to cap the bounces with tight control at the 5.87/5.94/5.88 area now,and retest also the 5.70 as they did,.... it looks like a feeling out process here. I suspect the buyers are eager to bounce and rally ,get it going, and the MM's are forcing it to cap ,so far around the 5.90 area.
A lot of careful control in both directions.
If we're looking for more bleeding down to target 5.50 that could happen, and if that also generates a plunging falling knife from the next day after that hits the 5.37 target/5.35 target,that would be an automatic buy trigger for the technical chart. if that happens.
As far as bounces from this current 5.80 launch pad, letting it climb up slowly could target the 6.10/6.15 and maybe it surges to 6.30...why wont that happen if the support at 5.70/5.75/5.80 Holds here, then the buying efforts could generate, and the game then becomes the MM's either allowing the bounce to target one of those pivots above 6.05 or else the game is the powers will force a cap somewhere below 6.00 like they've been doing for days now.
As I think all this thru, it reconfirms my theory that all price movement is under the control of the big money MM's and financial controllers,their super computer trading systems that keep it under control. and what they are doing for the last few months and could for a few more until great news comes. ... they are deciding how much of a Trading Range they want to allow. So far they have crafted a Range Box that's roughly from 5.60 to 6.15(maybe 6.30 ) maybe 6.20 provides better math.... and you've got a zone that has 20 cent steps.... 5.60/5.80/6.00/6.20
and in between there are the 5 cent steps , that also get hit as targets. The Fibonacci targets are these as well, and pivot point targets, all around this area.
IF I start playing with these numbers,like the 5.80, what makes it special to the whole chart. cut in half is 2.90,a double is 11.60, 8.70 is in the equation as well. there are patterns that made the 6.60 area a big shoulder zone for resistance which made the 6.64 peak an obvious (caveman) target. 6.30 target was a pivot area from the whole chart .
5.80 probably has a Fibonacci connection to the giant peak at 14.84 and the very bottom at 60 cents. maybe that chart would show it.
Anyway, geez, I can never give a short answer,can I ??
What do you think, can the MM's push it down to 5.50 and then plunge it to 5.30 ?
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