Strong day of continuation and change. Found the day to be much easier than yesterday's trade.
Good start to the day, followed by a challenging afternoon.
Notice how the highest black was a point 2. We then had the retrace which led to the pennant and increasing black volume which confirmed the point...
Good morning. Attached is my chart from the AM.
This Point 3 was text book for me. Increasing red volume out of the pennant and off the moving average.
Today's ESM8
That was very helpful, thank you all very much for your time.
It clearly was a BO after the fact, it is very simple to see. At the time it is a big picture retrace, after the BO on increasing volume and...
I certainly see that after the fact. But prior to the spike there was increasing black volume which was still dried up relative to the prior red...
Please see my chart from this morning. I have a question regarding the sudden rally we saw. We saw this as a retrace in a down channel, and not a...
These FBO's caused some confusion.
continuation off of the FTT
Today's ES
Thank you for your reply. I see how the increasing red bar is a bigger down channel pt. 3.
Is this not a valid channel because increasing black volume never followed.
This FTT out of the down channel leading to a big picture trend change is starting to become very familiar.
Today's FTT which created a big picture break out and continuation with the long position.
Had trouble with this position in real time. Turns out the pennant in the dow broke out towards the upside. At the time I thought a pt 3 channel...
Caught the pennant bo both on Dow and ES
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