Bride of If You Can Draw A Straight Line

Even if the LL is just 1 tick? I usually ignore those and take them as DBs, hence don't fan the line.

 

Chop it is.

 

It's not the tick; it's the intent. Since datafeeds differ, it may have been more than a tick. You can take it anyway, but be aware of the risks.

 

ES forming a hinge. Uber chop.

 

Not a bad day so far, if somebody wants to add up the points.

NQ poking its head above the chop.

Failed exit on the ES hinge. Back to apex.

 

Ok, I am having trouble reading intent here. All I see is a strong Rejection from the bottom of the hourly TR at 60, what am I missing? Is it the channel?

 

Yep, but sellers just pulled those curious buyers back inside their range.

 

The intent is the effort to make a lower low. The rejection comes after.

 

Ok, thanks.

 

And ES falls out the bottom.

NQ still in chop.

Note that there have been no trades after the break of the demand line.