Hello all, lately my transient zone post have not faired all too well. Few views, few replies, but yet I’m not wrong am I? At least not yet. I said the 57-58k level was probable, it was a problem bar and the problem is price is recurrent and almost all the time will travel back across a “transient” seldom visited zone ( IE a zone that price traveled briefly through and moved on) which are price levels typically found at the ATH and ATL … They usually dont stay transient and become recurrent. Do you see what I am saying? If price traveled through a zone and did not return right away, chances are it will and it will be attracted to that zone by a constant magnetic force, else repelled to new paradigms. This doesn’t happen often.
Anyways targets are still 52k on the weekly transient zone. Before year end/dec, price will probably travel back to this zone to satisfiy the need/probability to be recurrent. There are a few more transient zones I have on the chart, which I used to make the chart on the bottom. The 13k price level is another TZ on a larger time frame…
Various indicators can be found on T.V. and more info online on some forex trading forums.
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