Hi Harvey. Continuing the S&R discussion... Recognizing the new tops and bottoms created is a given. Hows about the new swing tops/bottoms within? ------------ /\/\/\ \/\/\/ ------------
On todays trades... Am I correct that the first trade on the first chart was a short?
OK, Harvey. To be sure I'm speaking of the down arrow in that 6:10 time block. That short then is directly at support from two or three different areas on that chart. What is your reasoning behind ignoring the buyers?
At the time I was looking as it made a lower high before it broke the minor trend-line. Then it made 3 tight little sideways bars while it was on the bollinger band. I was thinking at the time price was going to make a quick extended push to the down side. Of course I was wrong. But thats what I was thinking at the time.
Hi Harvey.
ReplyDeleteContinuing the S&R discussion...
Recognizing the new tops and bottoms created is a given. Hows about the new swing tops/bottoms within?
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On todays trades...
Am I correct that the first trade on the first chart was a short?
Yes, the first trade was a short. Swing's within tops & bottoms are often not easy to recognize for me.
ReplyDeleteOK, Harvey. To be sure I'm speaking of the down arrow in that 6:10 time block. That short then is directly at support from two or three different areas on that chart. What is your reasoning behind ignoring the buyers?
ReplyDeleteAt the time I was looking as it made a lower high before it broke the minor trend-line. Then it made 3 tight little sideways bars while it was on the bollinger band. I was thinking at the time price was going to make a quick extended push to the down side. Of course I was wrong. But thats what I was thinking at the time.
ReplyDelete