One has to consider the weekly bar - outside lower than the last 3 weeks - close..is this a key reversal ?
no sorry, efocus said 1 min too fast...thanks for the charts!
Then that is not your timeframe..pull up a 15-30 min chart / measure the legs and retracements..
As Laiss was saying, depending on your timeframe you either sit through the retracements with stop beyond the 50-62% or use these levels for...
Love this, agree to managing the moves into smaller fractals..like the 50-62% retrace..
roll to M tonight..
NQ not showing relative strength however..
re: retracing or reverting - I count 9 oppty's to enter short after 2761 swing high.
Setting up to be an outside/lower week bar after testing Dec 3 2819 high on Mon - trend might be down for a while?
You certainly know a bull when you see it ! safe to say in hindsight that the bear mkt or daily correction ended on Dec 24..
seems like buying capitulation - the 15:06 est 2 min bar !
very thoughtful reading..thanks !
looking fairly toppy with these eyes..targeting 2710 ?
I tend to be too tight with stops (hasty/quick to move to breakeven) when daytrading..
odds of a high to low trend day are high now..
cash is +, futures -
8:48 high was not tested afterwards..bodes well for a swing high being in place..
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