My thought was that we would possible drop to below 1.3600 to nail stops below and then up to nail the stops above 1.3800.StackingPip said:I have a similar projection. I really think that the market may reverse this week. We have hit the 62% retracement on the Daily. If we look at 'it without considering the wick, it is an OTE for short.
Now, my question to the market is the following:
- Will you rally up and make a false breakout or Turtle soup pattern?
- Will you just simply head for lower level?
I guest LO will show the momentum on monday.
> I think this is called a Judas swing? >