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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, give it to me, baby.
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jimkane
Rep: 3,058
Posts: 33,089
Give it to me into the close.
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jimkane
Rep: 3,058
Posts: 33,089
Watch 54 here, and the obvious overhead TL just above.
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jimkane
Rep: 3,058
Posts: 33,089
Careful...
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, baby, pop for me.
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jimkane
Rep: 3,058
Posts: 33,089
The heart of the area here is 54.25-.75.
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jimkane
Rep: 3,058
Posts: 33,089
And it sure does 'see' it.
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MarcinO
Rep: 67
Posts: 5,506
57.75 would be a very nice move into the close (an optimistic scenario).

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es 2014 06 23 aoc png
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jimkane
Rep: 3,058
Posts: 33,089
Yes, that's the next key area. But the slow grind just didn't have much, so by the end of the RTH I wasn't expecting it to do any more.Just be cautious about all these lower high 'W2' areas in a strong uptrend that just set another new all-time high. A small percentage play out, but in my experience most don't. So, I generally only use these areas for management unless I think the recent high was a more significant one.
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jimkane
Rep: 3,058
Posts: 33,089
lt sure looks like it wants the next area down below. But, sometimes they make it look that way at a key area to suck people in (those that trade off how it looks, a style I feel in 'the old days' was potentially very viable if one knew the basic traps, but 'nowadays' I feel it a death sentence because it's 'all about the traps').
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jimkane
Rep: 3,058
Posts: 33,089
Did you all notice how the afternoon setup was right off the obvious TL, with a retest on that TL again? In order for TL to keep sucking suckers into the games they play as they game them, they have to work sometimes, or even suckers wouldn't get sucked in.