ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
RE
redsixspeed
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quote:
Originally posted by redsixspeed
Now can the pattern fail? Sure it can news can change the market, a threat of attack
a war, but under what may be called normal trading the pattern works.
As with all s/r after they have been hit the first time they become weaker (imho) when hit again if there is a move up/down it may
not be as much as the first move from that area. Apply your rules.
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redsixspeed
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quote:
Originally posted by redsixspeed
One area I'll be looking @ to the downside is the mid point of that big
5/15min. candle
We hit the mid point of that dominate candle @ 4:55pm edt
@ 834.00 not much volume though
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redsixspeed
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The low of the dominate 15min. candle from 4/9 is 826.50. This will be
an area to watch if we move in that direction
an area to watch if we move in that direction
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redsixspeed
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quote:
Originally posted by redsixspeed
quote:
Originally posted by redsixspeed
One area I'll be looking @ to the downside is the mid point of that big
5/15min. candle
We hit the mid point of that dominate candle @ 4:55pm edt
@ 834.00 not much volume though
That 834.00 area trying to be a tuff nut to crack
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redsixspeed
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Click image for original size
This is the candle I posted on 4/9 and have been rambling about
acting as support.
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redsixspeed
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The 834.00 area has acted as support, but sometime in the future we will have a
change of polarity and this area will be resistance
change of polarity and this area will be resistance
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redsixspeed
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"Where a candle pattern or line appears within the market picture is often more important
than the individual candle pattern"....pg 147 Japanese CandleStick Charting Techniques
than the individual candle pattern"....pg 147 Japanese CandleStick Charting Techniques
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redsixspeed
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Not sure why this pattern has shown up so much lately, as I said there are others.
This will be my last post in this topic.
This will be my last post in this topic.
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redsixspeed
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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 ...