Bullish scenario- 60 min chart has perfect rounded bottom ... 50-55 Handle result Bearish scenario- Daily lookin` at right shoulder build out on H & S .. 100 Handle result It`s a game of Observation no matter how one views it!
There's no bait being offered out here. I stated what I have found to be true. --so called bearish bars are really just pullbacks in uptrends absent new highs or breaks of support.
We are 2 days past that, B.. old news.... If we sold off south, you would do your typical Houdini Act... & disappear! ... POOF
When someone says they are bearish, they are implying that they feel future prices will decline. --When a bar is declared to be bearish it is inferred that it means lower prices to come. Thus a down bar is not necessarily a bearish bar.
B, A bearish bar IS just that... a Bearish Bar... except You don`t know if it`s a "Reversal Bar" until after the fact! Hind sight is Always 20/20... When things start looking Iffy for your Stance.... You`re no where to be found... Now you want to get a little Jiggy with it & do your dance! If we get our typical Friday afternoon session sell off .... It will be POOF!
With regard to monthly bars, I don't gauge the market on such short term events as a few days or an afternoon selloff. If I am gone for a while it's because I am on vacation or some other good reason. I certainly have not been vindicated publicly on my tenet yet and am one of the very few on the board who announce losses. Your posting is misdirected.