%% SAME here except i use solid color candles+ some moving averages. I finally found out\ how do those bear dogs know which way the bear is going, they cant see any bear?? Is that like fake crpt*, on the screen, no, even though Hollywood has done fake pics on that LOL NRA American Hunter MAGAzine solved the mystery, in 50 foot trial run \the bear[edit+ mountain lion+ jag ] dogs have a good enough nose to know which way the bear is going. Even though a super wind can goof up the bear dogs sometimes LOL
I will not trade a setup that fulfills all my conditions, IF the momentum is too freaking slow. This trade looks perfect, and will probably continue down, but I want more momentum before I commit. If the momentum don't fit I wont commit.
%% NOT sUre what al tho$e dotted lines are LOL\ IBD uses them for moving averages+ saves big bucks on print costs LOL. Have to be alert for an occasional super tech trends ;i cut ouT a pic, big cat jumped up in a big tree. Happened in AZ, rancher said ''my God that is a jaguar. LOL sure was\ not supposed to be north of Mexico/big cats cant read like we can LOL Good down trend if that'$ hourly candles\; i like uptrends /supertrends, occasional supertrend + PSAR indicator, occasional inverse , mean r.........................................
Dow Futures Daily, Weekly & Monthly High is at the same price level of 34373. If price turns up, that might turn into a beautiful trade setup.
Hey mate, You wouldnt short at/near that level? Edit:I may have misunderstood.Perhaps you meant 'price turns up' for a retouch of that level for a short?
Yes sir, I usually look to fade a major S/R level. I'd say about 70% of time those breakouts fail, so I'm looking to short. If I get stopped out, I can always stop&reverse.
Nasdaq hit ATH at least twice in 2 weeks. It's been GODZILLA BULLISH for the last 6 weeks. Hope it continues higher.