If you look at this, the top right red line connects SIX tops, with the last one busted through. UP is the direction.

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And as I type, here it comes.

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Also, the other dollar based pairs fell quite a bit through the night but the aussie stayed strong and treaded water. This gives me further reason to think its quite buoyant.

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Makes sense, Ben. I just figure that eventually the constant bashing will break the barrier. Looks to me like kinetic springiness has been building and building to that point. But if it fails grandly once more, then down she'll go and hard. If not, ...

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I agree that it needs some decisiveness. The interesting thing about trading is how two people can look at the very same chart and see different things. I'm seeing an inability for price to fall while you are seeing an inability for it to rise. ...

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Ha ha. Sry, was playing around with meme generator and had to do it.

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image

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Hmmm, yeah it comes down to about 45 on my OANDA and on my tradingview. It hit and bounced directly off of my trendline, which is why I thought that bar to be so significant.

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Gmann, serious question. Is your chart missing some data? I'm seeing that we tested 8740 last night and rejected it. no?

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Hmmm. This is where I would've drawn my 1 HR trend lines. Still looks bullish after a bounce and will stay that way unless it gets under the bottom line.

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Only thing for sure is that right here is no place to buy OR sell. Totally no-man's land at the moment.

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Just awoke and I see the AUD slowly pushed its way up nothing really bearish about it yet. Looks like its making its way for a last try back through the surface. Love to see .9000 Its back out of my diamond.

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Everyone all day has been saying "short short short", its "heavy", the numbers will be HORRIBLE. Then we get just slightly better numbers, and price spikes down to a trend line, comes back up and sits and stews. I'd call that at least a short term ...

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Promise I will stop posting diamond pics after this, but this touch on the line was nice.

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If that spike is it, then it would have completed a very symmetrical diamond reversal pattern......if prices rises from here, of course.

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Hope so. I would love to see the diamond play out like textbook.

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That is absolutely true, 2+2. It is usually hilarious to read people's reactions to the market's reaction to news. Its simply something that can not be predicted, so people have to deal with it.

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Thing is, everyone is already expecting crappy numbers, so what's the shock in that?

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I definitely see your point there. I think diamonds are indeed pretty rare indeed, which is why I'm really curious to see how this sucker plays out. Whelp, gotta just let the market do its thing. Good luck!

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I'd like to think that this is what's currently underway.

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