so noone else sees the upside breakout from ascending triangle ? could it be a fakeout ?
If test of 2593 area holds tonight/tomorrow, I say it's an upside breakout from 5 day triangle..
What is known - this many contracted trade range days consecutive (5-6) - a large move will occur.
selling out of an inclining wedge from 2600..ES, NQ already taken out Fri low..is it the start of a new impulse down.? has to be considered...
to what are you referring, "worked out in the past"..?
Should at least see pullback from near highs to 2523 area
...Deceleration, contraction
67-72 - the battle
if we suppose a longer term correction at hand in this decade bull mkt, then today might have seen end of 4 (2, 4 are up) in a 1-2-3-4-5...
Climbing the wall of worry.
Looking at the big picture - 10 year bull run..a 2-3 year bear (consolidation) should favor the odds..and a 50% retrace from 2009-18 low to high...
I'm interested in a serious daytrade thread here or otherwise!
2624 is .618 back up after Dec 3rd high.. Bigger picture forces are beneficial to daytrades also..
2619 triangle measure..this is also 10 handles from 10/29 low[ATTACH] edit - ...and 59.6% back up (close to .618 fib)
2234-2250 is ES swing measure target..also = 62% fib from 2016 inauguration low.. so, down another 100+/- handles from today's low..
With the Jan 26 high being the end of an impulse leg on the daily's & week charts, have to consider Jan thru now trade as a-b-c. ..and where does...
Thanks. good post
Who is the trader refered too here that you'll take his real time trades .. He on this forum ? TIA !!
largest force is pull to 2800. mkt may have done it's job consol yest/overnight.?...and may not need another large type pullback..(i.e.below morn...
lotta higher highs/lows after 10 o'clock. pretty bullish daily bar - maybe 2825 by week end?
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