Son of If You Can Draw a Straight Line . . .

approaching 50% up and at prior swing low (would you call it that?) 20 min after the open

 

If sellers were trying to scare holders out of whatever so that they could pick up more at a lower price, then whatever rally there might be will likely be less dramatic.

 

Motives don't matter, of course. It's the lines. Or the course of supply and demand if you're past lines.

 

:23 retrace for a short if inclined

 

Not until the DL is broken.

 

:24 Still long, but DL is in real trouble.

 

Ah yes, was just thinking was getting ahead of self

...was looking at the 50% and possible prior swing low, instead of the lines as trading foundation. Great reminder & drill

 

16 is 50%

 

Was thinking about that, if sellers keep buyers below it, given that the DL is already pierced a RET will trigger a short (SAR).

:29 Short at 11:75
:30 Hinge again.

 

Note also how the pace has dropped