JI
jimkane
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Any chance of more than one or two people in this topic for the whole week?
ER
EricD
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Posts: 692
seen that ,,if we make a new high at the 1.27 and back off is tha taclue that we will be going back down to 57.50?
JI
jimkane
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Well, it's tough to say where it may go, so for clues I am more looking to understand if it is still following the current premise, in this case up impulsively off the key area at the LOD. It hit into an area where that move may end. So to manage a long I want to see how it handles the various areas on the way up. And if I have an area for a short, I want to watch that because perhaps I want to be on that side.
JI
jimkane
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The really curious thing is how the area stopped this dead and caused it to chop. I think it is most likely a complex W4 type of thing here and it will burst up and over the area, but the way it stopped it like a brick wall is very noteworthy. Now I just wait and see what it ultimately decides. It is an area worthy of respect.
JI
jimkane
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Posts: 33,089
Yes, at a .300 and .382 with a key line. It may come in more than here at this .886 ABCD, but shouldn't trade into those previous highs at say 57.75. If so, the strong impulsive nature is shot.
JI
jimkane
Rep: 3,058
Posts: 33,089
That area I mentioned, with the VAH in it, was exceeded by one tick to 61 (I wasn't trying to hit it that close anyway, just point out the meat of the center of the area to watch) is just giving this thing fits. Very cool.