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Candle Pattern


ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
Originally posted by redsixspeed

Looks like they go'na make quick work out'a TZ2

TZ3 1040.50 / 1034.00 * 1033.75....after that..



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mid point of that TZ2 = 1053.37...hope we don't meander in this
zone the rest of the day
We closed under TZ2...also the PP is smack dab in the middle of TZ2.
This puts TZ3 on the radar 1040.50/1034.00
Originally posted by redsixspeed

We closed under TZ2...also the PP is smack dab in the middle of TZ2.
This puts TZ3 on the radar 1040.50/1034.00

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Market traded down to mid point of TZ3 @ 1037.00...and now right
back to the PP in TZ2...I think there is some more up maby 1056.75
this is a great link lot of good info:

http://thepatternsite.com/
imo TZ3 was the last zone that needed to hold to stop a further
move down...as always I look for the mid points of these zones
on the first move into them TZ3 held @ 1037.00...there is still the bottom of TZ3 @ 1034, but the mid point is more important imo...as I type we have just bounced from the mid point of TZ2...trading back to TZ2 puts me in a more bullish out look...however TZ2 is also a mid point...so I'll be watching a move and especially a close out of this zone
Was that 1037.00 a BIG # this week or what..
1037.00 still being tough this week...I have a crisp $1.00 bill
and would bet that there is a node @ the 1082.00 area..
that should read *separating line

Click image for original size
newschart
9/9/10

those Nison boyz are using the mid point of that 8:30am et. candle
as support
Originally posted by redsixspeed

Was that 1037.00 a BIG # this week or what..


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The above post is bout 2 weeks old....but look @ ES now....trading
almost 100 pts. above that 1037...the same zones are up here so I
am watching the mid points as usual
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...