Replies to post #138082 on Simple's Green Room

[pennies2007]

It's just being a pain in the butt on this final C wave leg up. They tend to be relentless but, like anything else, they do finally end.

I have enough confidence from what I've seen on your spike and ledges to know that the initial test of the bottom of the ledge tends to product some type of retrace, even if it's not a new low. From what I can see, the first test can produce anywhere from a 50% to 61.8% drop back. Then, it has to test it 3 or 4 times before it can finally break through.

[pennies2007]

Hey Heavy, I need your help. I need your honest opinion on how this chart should be traded and what you think would be the best bet from these levels...up to the top of the channel or down to the bottom of the channel.

I've removed all indications of pair, time frame, price, etc....just price action and the TDI.

Honest, unbiased opinion is what I need. No rush...just when you get time.

Thanks...