JI
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.
JI
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').
