ES Journal - 2013

trans finishing a hns pattern

 

l 39
stop 36
t 48

 

working the bell curve ,working lower half ,target 37-33 /32 area

 

So.....correct me if I'm wrong in my assessment.....

The move to fill this could easily prove to be a false breakout of support? Or, if it does break, a somewhat slowed drop to the next heavy buying level?

Am I looking at this right ammo?

 

scratch

 

Did this answer your question g?

For this time-frame, it jumped 7 points from the confirmed 2nd hammer.

 

could move to the next belll curve, ben could keep working the same curve back up,its like a pinball,you think(know sortof)that its going to hit the bumper(cleave,nip,ledge,trendline)you also know its going to bounce off it,if its dropping and holds it will bounce back to the previous bumper,if it doesnt hold it 'll drop to the next..in theory,if i knew...... edit, that hns in trans suggests the drop to next bell curve

 

meant to add this chart

 

s 40
stop 44
t 29.5

 

Thanks for this Trvl.

I wanted to study the pattern in detail and then would have responded to you. Cheers.