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Was away for drinks for 4 hours and this happened. Had my orders at just above R100k and only some of them got filled. Dropped a bit than expected on the first go past $7600. Think we should go up to retest the $7700 to $7750 region if it can clear the $7600 resistance. Expecting $7200 in the next couple days though.

Rand is also close to R12.40. Another percent down today.

W7LKlZiJ



Edit: Seems like the support it bounced off just above $7400 was the one from the previous 3 lows (blue line). Might come into play again tomorrow if it drops.

kDRsVHsO
 
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saor said:
Something like this maybe...
Click to expand...

This is what I see. The fractal has been working well so far so I've just extended it with the current supports and resistances. We are in the light blue area. Need to do the orange, red and purple cycles. Bottom at around $6800 based on this.

BFdhUsyS
 
SaiyanZ said:
This is what I see. The fractal has been working well so far so I've just extended it with the current supports and resistances. We are in the light blue area. Need to do the orange, red and purple cycles. Bottom at around $6800 based on this.

BFdhUsyS
Click to expand...

Tested that $7700 to $7750 region as mentioned. Could still hang around here and test it again but the next drop is to $7300 I think.

Iw5J2QVZ
 
Buying for trade...not holding.

So $7000 to $7400
How does that translate to rands? +-R94000 to R99000
 
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yeah ~95K

below 7100 im going to pucker my butt hole though...but thats what stop losses are for!!
 
Hit that blue support. Though it came down so fast that I don't think it will bounce here. Also what are the chances that we bounce off the same support 5 times... Bigger chance it makes a small bear flag here and goes down soon. If it does bounce, max I see is $7500 right now.

j2NUjqYI
 
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