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MA
MarcinO
Rep: 67
Posts: 5,506
No charts. Just opening a new topic.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the downsloping TL here for clues.
RA
rat89
Rep: 0
Posts: 7,015
the trigger was in qqq..... qqq at .886 to the penny on that last low, with spy to 1.128 with positive cci divergence in all timeframes.....
JI
jimkane
Rep: 3,058
Posts: 33,089
That might be it if it was just a short-covering snap trap. Now we see.
RA
rat89
Rep: 0
Posts: 7,015
redrew up set


Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch this closely here.
JI
jimkane
Rep: 3,058
Posts: 33,089
65ish would be a nice bounce for this.
JI
jimkane
Rep: 3,058
Posts: 33,089
But there is a lot here...

Of course, I expect we'll make all this drop up by tomorrow.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very weak. It wants that lower level. Hey, maybe it's just 'basing' in here for the big up day tomorrow. Maybe...
JI
jimkane
Rep: 3,058
Posts: 33,089
It wants down. I'll be curious to see what happens on the 'retest', but those 40's are calling to it... Come to me... Come...
JI
jimkane
Rep: 3,058
Posts: 33,089
Inverted H&S here? Interesting.
AL
albert
Rep: 99
Posts: 3,094
Thanks Jim and thank you for the offer. Please leave my latest posting in the main discussion threat, where it is. The chart seemed worthy of comment at the time I looked at it, but now, not so much. It probably points out that I need to follow price action on the 15 minute and higher timeframes more, in order to see more, as you have pointed out in your books. As usual, the Kane ABCD covered the price action beautifully.

Al Kamego