Disliked{quote} Hi BK, ( this doesn't stand for Burger King does it ?? ) Just wanted to show how 2 people can have different takes on a trade possibility. I am now in Short thanks to the ol ' reliable H4 TC. My expectation was that we have been trending down for a while now. My 1st regard is where we are in relation to the 21ma. Price finding resistance at the 21 and now also at that downward T/Line. The 89 has flattened right out so price is in consolidation mode. As soon as we saw some strong action moving from the 21 & closing thru the 89 , I took...Ignored
Thanks for the charts and detailed explanations...and well traded...my focus was on 89 as a support rather than 21, as price was between 89 and 200...it just shows I still have a long way to go to understand how it really works......