ES Journal - 2021/2022

Had this been 2008, your head would have been handed to you on a shiny silver platter already. Just kidding.

 

Sorry, don't it see.

Many, but certainly not most, have small bodies with long wicks ... on the bottom or fairly equal wicks top/bottom. Not many longer wicks on top. On reversals anyway.

 

Supply and demand.

A long from here with a mid range target doesn't seem like the worst idea:

 

Six red candles in a row is rare.

 

Yes.

A candle can be red and have a positive net change. What he have now is 6 negative closes, both down on the open and a negative net change.

That's happened only 7 times (today included) since 2008.

I wonder what happened the next day following such a pattern...

 

I see 7, if you are referring to the candles leading into big green one on the left?

 

Not sure what you're looking at, but I'm pretty sure both I and @mervyn are referring to the daily chart.

 

Your 60minute chart that is right above mervyn's post.

???

 

They are talking about the ES Daily.

 

I think they mean schizo's daily chart one page back.

https://www.elitetrader.com/et/threads/es-journal-2021-2022.353736/page-826#post-5684726