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JI
jimkane
Rep: 3,058
Posts: 33,089
So far I think this is working well.
JI
jimkane
Rep: 3,058
Posts: 33,089
Ride until close, take out the stops at the high is what it looks like they want. Our tax dollars at work. But, it's one heck of a trade long, for sure.
JI
jimkane
Rep: 3,058
Posts: 33,089
Still, let's give your area some respect until proven otherwise. Most likely outcome is a checkback and then up, but let's see.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, it does check back, rushes right up, but stops at the previous price high, checks right back, and looks weak. This is a higher timeframe battle being waged on the lower timeframe. It sure sees M's area, but they don't want to move off it yet, either. They want up.
JI
jimkane
Rep: 3,058
Posts: 33,089
Beautiful flat ABCD and up it goes. But can they sustain that, who knows? Very poor action.
MR
mreiserer
Rep: 110
Posts: 2,220
they always see my areas :)