Replies to post #48517 on Fannie Mae-No Politics (FNMA)

[Croireavenir]

Here is the chart:



My take is 80% 1.47, 15% 1.24, and 5% 1.00 as bottom.

Regardless the bounce will be large and should be a multi day bounce.

If you have Level 2 Quotes, watch ARCA. He signals direction. Wait for him to hop on top bid and start hopping over the ask at one of those levels + intra day chart should have real high volume on a 5 minute hammer candle. That will signal the bottom IMO.

If you wanna really be a pro you would avg in like $5k worth at 1.47, then if it dips to 1.24 $5k more, then if it goes to 1.00 $10k more, then watch for $2.00 - $2.50 = $$$