It acted as resistance through out the pm session
been in a down trend all morning with lower highs and lower lows
besides its been resistance in the past I'm not sure
Because it's the mid point between 3213 and 3155 the most recent range
This is the range where most of the trades have taken place
at 10:17 we made a high of 3190.50 and at 10:38 we tested it again to 3190 so a lower high sop the lolr seems to be down again
Lower low at 10:20 and retest at 10:24. higher low at 10:33 so demand is in control for the short term
Because supply and demand are fairly equal at these levels
meant to say I took the moving average off! Sorry
It's always been a visual for me but I took it!
if you look at my chart of the hinge I took off the moving average
why would you assume that of course I want your input since I am in the early stages of my journal I appreciate any feedback I can get sometimes...
hinge
looks like another hinge on the 1 minute
a lot of trades taking place in the 3188-3192 area
of course I can tell but what is the difference between using a moving average as a moving trend line or just using a trend line?
we made a lower high now we will see if 3188.25 can hold
now we've made a lower low 3188.25 might get tested
price seems to be holding above the last swing low of 3191.5 so demand is winning out seems to be important what prices couldn't do for the time...
To me trend line means which way the market is moving at the time, not so much where the market stops a retracement and resumes the trend
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