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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
The recent high is right at an area. The bounce into the open was right at a setup area. And it's moving down. Yet I'm not on it like I should be. I'm just not a believer (and I should be?).
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, it just violated the uptrendling TL, so is that the game? Everyone is now trapped short? Or am I just second-guessing myself?
JI
jimkane
Rep: 3,058
Posts: 33,089
Time to sweep the low out.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd think they'd want to be very careful with this here. Other than the big swing-low to the left, there's nothing below but an air pocket.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm ready for them to come in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
One answer to that downside risk for 'them' is to just hit the low to the tick, then run it up.
RA
rat89
Rep: 0
Posts: 7,015
gdx - eye on 22.85 area
Click image for original size
screen shot 2016 04 15 at 10 29 49 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep, so far, so good.
JI
jimkane
Rep: 3,058
Posts: 33,089
It was tricky to try to read what they were trying to do there, but I did figure it out.
JA
JaLee
Rep: 0
Posts: 103
Right to the tick : )
JI
jimkane
Rep: 3,058
Posts: 33,089
You're welcome. I hope you can follow at least some of it. I know it's tough at first.


Originally posted by JaLee

Thanks Jim. I'm glad it's the weekend so I can study this and review your previous comments. Have a nice weekend. No golfing...(it's not relaxing, just a good walk spoiled as they say!)