On another thread ( Most of the herd thundered over to it recently)
The subject of price structure came up.
This is one such where 200 bounded one level - it was FLAT. The lower level was a point prior to the first retrace. This level was broken further along ( brown box)
Then a channel break long, maybe, since channel is now some way from the flat 200 ( elastic band maybe)? After that be careful and wait because price may be in the doldrums for a while as happened over recent days. So look at ma and channels on other indices but be in no hurry to trade.
Or I could be talking bollocks
The subject of price structure came up.
This is one such where 200 bounded one level - it was FLAT. The lower level was a point prior to the first retrace. This level was broken further along ( brown box)
Then a channel break long, maybe, since channel is now some way from the flat 200 ( elastic band maybe)? After that be careful and wait because price may be in the doldrums for a while as happened over recent days. So look at ma and channels on other indices but be in no hurry to trade.
Or I could be talking bollocks
every Saint has a past. Every Sinner has a Future
1