Disliked{quote} Anything possible but probably be dead for a bit with holiday and london closed up ,but thin liquidity can lead to things lol ,, one more picture for you ,, 1450 is a neckline area ,, you can see where the quarterly low was ,, and a reason for a bounce there and the reason for the scrapping at current level ,, its always the shoulders ,, look at your monthly and on a daily chart all the shoulders for the sell patterns in the 2 year range on the monthly . Its all connected . the mkt gives you the levels it uses ,,level hold or fold ,, dont...Ignored
Hey Digger;
thanx for your reply, I do appreciate the time you take to share your experience.
I wanna get this shoulder thing correct because I tend to enter trades too early and it probably has to do with this shoulder concept.
I have drawn two situations...and have some questions if its ok:
- Am I labeling the shoulder correctly?
- I usually try to enter at nr. 1 or nr. 3...but you are saying enter at nr. 2 or nr.4 ????
- do you consider both situations valid setups?
thanx in advance digger
in wondering about yourself, you forgot what you came here to be part of
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