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Back to the basics: Market Structure
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allis7040
Posted 8/6/2018 10:24 (#6914088 - in reply to #6913953)
Subject: RE: Back to the basics: Market Structure


Tama iowa

This is over my head and trying to explain will probably be confusing. I struggle with confirming a low or high. It seems the more you pan out on a chart the more lower lows and higher highs. I have circled patterns that appear to look close to where we are now. (probably wrong on the patterns) I do not know if a new low below 3.20 or we take out the 4.40 first. With price not really testing the 3.20 yet I would expect taking out 4.40. With that said I also think we have a minor swing down shortly. Hence my understanding of context or patterns or whatever is poor at best . Could the swing down actually be more than a minor swing and is just part of a larger swing down. Have we went sideways long enough to build the energy to take out 4.40s. As of now my only plan is I sell one year out on anything profitable until we take out 4.40. Then will sell multiple years over 4.50 no matter if the later years are lower than nearby prices. Thanks for all your guys time and input. This is the most informative post in a while.

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