or reverses depending on your tf of reference
supported by some higher tf, the trend remains.
Dr. D.
supported by some higher tf, the trend remains.
Dr. D.
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Dislikedor reverses depending on your tf of reference
supported by some higher tf, the trend remains.
Dr. D.Ignored
Dislikeddrakes there were a few reasons to be watching for a bounce there . It was last weeks high somewhat of a support area now since we were above it , This weeks open area which is also a support area till it gets taken out if and when it does . Beyond channels and trendlines there were other reasons too , seems like a lot of stuff to keep track of but they will fall into placeIgnored
DislikedSo right now the play is test 5567, back to test the 5544, hold as support, test 5567.Ignored
Dislikeddam it why not enjoy the ride we do have a range and the b;;;;;;;;;;;h stuck until cloggie let her go a break above the high we are in still with tight stop in case
egkid how are u bro hope u are doing well
digg all cans are in hope the tire are in too
cloggie dam it i dont trust the b;;;;;h hit and run
best of luck to all green week enjoyIgnored
DislikedHere you go drakes, 70 pips worth of trades that took about 40 minutes or so to play out. All within a pip. Like taking candy from a baby. Off to find the next bit of play. The PA around 5567 will show us the way.Ignored
DislikedCan I put it this way also? As you said about the 50% fibo, after 5567, retrace to 50% fibo, did not break 50% fibo, so bounce up to 5544 and hold as support (what time frame do you use to check if it holds as a support) and finally to retest 5567.
If the price retrace broke through the 50% fibo and holds up as a resistance, would you consider that as a reverse trend already?Ignored
DislikedThey are all seperate plays, the 50 fib retrace was because of the daily high,the 5544 was a resistance on the 15/30, the range was formed by the rejection of the 50 fib and 5567 was yesterday's extension once the range failed, preceded by the PA around the R1. So don't see the plays as one, they are seperate moves. So far using basic PA, a few fibs and TL's would have netted you around 300 pips today.
We are in a 2 month bull move, so a simple failure of a 50 on a retrace is not a sign of a trend reversal. We had a guy in here yesterday that...Ignored
DislikedSorry i m new to this trading, this chart looks very confusing. i didnt get anything out of it.....Ignored