.... on smaller time frames.... ....i find that patterns are better in ym than es ..... don't know if due to manipulation or what.....
.... to sum up.... .... on the big channel.... .... we have gone from 75% to 0% .... and now back to 25% .... on the big downward channel..... ....the trick will be.... where do they want it for opex?..... ....or rather... where do they want retail to think it is headed..... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2217916 width=800> click on attachment link to enlarge image
from mon b4 thanksgiving ,thats a herman munster chart ,eddy in the middle,grandpa on the left,your drawing hermans right ear now and the neck will be a steep drop to 760 to his right shoulder
What would you qualify as a break in the channel, i.e. perhaps the creation of a new one? Versus a pull then continuation. Just trying to get a feel for how to not get shaken out. FYI, I don't channel trade, but couldn't hurt to learn to pick up more tools. Thanks. -troll
elo, i think you told me this once before,but could you explain the m and w patterns ,or direct me to a link where i could read about them, thanks