Getting close to a key spot (as posted a few weeks ago, forgot which thread)

flat at division line

quote:

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Originally posted by mreiserer

sure you do. you're the man imo.
btw. this is the spot if there are any shorts today. any takers?

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Don't you wish you would have taken that gorgeous tick trigger (you know exactly which one I mean) that this gave right after you posted this? Had the confidence in your area to act on it? Just as they tried to make it look strong and scare everyone? 9.25 points high to low, and a full 7 from entry trigger to the low.

Did you notice the 'flip-flopping' ABCD's, and the nice little ABCD in the BC leg of the latter. Here's my read on what that was, as tough as it would have been to use it (one had to rely on the area you mentioned as the primary premise). The first ABCD was the 'W1', which can actually be 3 waves, as can an AB leg, and the second ABCD was the 'W2', which retraced back 100%, something I don't particularly like, but it can happen, and then we saw W3, swoooooosh. All that matters to me is area, and trigger, but that may be one possible count on this. Notice the NQ fell a lot short of the high on the 'W2' point, as would be more normal.

A re-test of the original reversal point has become very common. I don't like it either, but I realize it's just another sucker trap. gotta have nerves.

stopped out...it sucks for my puts but the futures are great.

anybody aware of the TD retest of yesterday's line?

We need to go back to a daily ES discussion topic, now that a few people are participating again. Everyone see the small flat ABCD W2 as this rolled over? Can't ask for a better second chance than that.

Did you all see the set line this started up off of? Just amazing.

yup, to the tick almost

It's just awesome. Or as I used to say all the time, as I did above: amazing.

guess, how they're going to defend the upsloping trendline today's LOD came off of

yes to the trendline creep.
higher timeframe chart for clarity