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TFC Commodity Trading Forum

Load up the bean boat... *PIC*

The last downdraft looks like blow off selling. I saw one of these things back in the day. Price blew down...sucking in the shorts and when it turned it went up like a bat outa hell.

Besides looking like that...it looks like a pattern I see repeating all the time in the currencies...just on a smaller time scale. Price goes down hard...comes back up...goes sideways for a short period of time and then takes off.