Multi-Info remained faithful to the SHORT trade this week.
As I said last weekend, sell on pullbacks (marked now ORANGE on the graph)
I also mentioned the very clear resistance at 1.2850-1.2870 (marked now YELLOW on the graph)
The 88.6 ad 50 confluence marked WHITE on the graph were totally faithful.
Also direction would not be clear unless there are two daily closes below 1.2727 - not yet reached. Now reaching break point, so a strong close below is good enough for me to look at new short entry levels.
Fib time (AQUAMARINE) was pretty good at predicting reversals within 1-2 bars.
Still eyeing 1.2660 and 1.2610, but momentum has been slowing so need to re-assess the wave count - multiinfo now at 88.6 SHORT!
Tasks: well read the thread if you want to help - it's still much needed - and also become more successful in trading.
Other tasks for econome: Revisit wave count. Seems we're still in corrective and waiting for that big downward impulse to carry through the next swing.
Stall is due to Brexit stalemate.
As said last week, direction was not going to be easy, but staying faithful to the multi-info and using the sell on pullbacks idea was by far the best option rather than buying into the market. Multi-info of course confirmed.
PS Where did all the good guys go?
I published loads for you to test and try...maybe need to migrate this to another forum...
Javier, how are my arrows named after you my friend, they seem VERY faithful on the M5 and M15...
