Chicken grease on fingers and waiting to see if more responses... Good call and would usually pay well. Funny late yesterday I was mentioning a 2 bar PB. You were correct about the TL - the 1 min has a strong channel with 8+ points of contact so that was an alert. We should be short from the top of this channel so you had options at the bottom with PIB and total control of the zone. So I'd agree with your call BUT... before I settle on the gameplan I check the 30 min and 4 HR (and if I'm not satisfied check out the 2 Hr). For me the 30 min was needing a move up - so was the 2 hr and the 4 hr too. Hmm - this is choppy cycle interference. That's fine - if it's structured coz it's more profitible than big straight runs. Here's a quick rule of thumb. On the 1 hr the 21 CCI is playing around the Zero line. Will it be ZLR or continuation? Look either side of the 1 hr to get more evidence. Last clue - if it's obvious it usually doesn't happen straight away. Let's get some cheap money by hitting the stops and then get the same players to re-enter and push the market behind us. Sniping - flush them into the open and then kill.
Treat Zero as an alert to look all round - it's a time of indecision for lots of players but the answer is ovbious somewhere. Once again "always in" on the 1 min was a no-brainer and as it moves the picture starts to clear. Remember very, very few traders will be able to decypher the 1 min but most often it has the key.
Put a 2 min beside it but use a 1 min squashed for S&R 2 min is easier to read and will clarify the 1 min until you are confident on the 1 min.
In this situation looks to me probably that we will not turn down prior reach De Mark high /most probably point of turning/. We will test it once more. If we can go to R1 than probablity or rising will increase. If you look on other correlated commodities they act strong as well. From this reason fall now looks to me less probably.
Don't know what De Mark hi is - De Marks stuff for me is not visually fast enough... counts or indicators. Are you taking your dircetion form the commodity markets? What is your entry/exit signal and can you explain De Mark Hi please?
We are sitting on DMH and ESTX50 on DML. In this situation if we will go up I will short at R1 /hoping to return to DMH/ or now if ESTX50 will start rising /hoping to returnt to Pivot/.