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One has to consider the weekly bar - outside lower than the last 3 weeks - close..is this a key reversal ?

no sorry, efocus said 1 min too fast...thanks for the charts!

Then that is not your timeframe..pull up a 15-30 min chart / measure the legs and retracements..

As Laiss was saying, depending on your timeframe you either sit through the retracements with stop beyond the 50-62% or use these levels for re-entry..look at the 1 min chart today, measure the legs and retraces..look at 2-3 min from yesterday, see the retrace up mid-day was about 50% of down leg..

Love this, agree to managing the moves into smaller fractals..like the 50-62% retrace..

roll to M tonight..

NQ not showing relative strength however..

re: retracing or reverting - I count 9 oppty's to enter short after 2761 swing high.

Setting up to be an outside/lower week bar after testing Dec 3 2819 high on Mon - trend might be down for a while?

You certainly know a bull when you see it ! safe to say in hindsight that the bear mkt or daily correction ended on Dec 24..

seems like buying capitulation - the 15:06 est 2 min bar !

very thoughtful reading..thanks !

looking fairly toppy with these eyes..targeting 2710 ?

I tend to be too tight with stops (hasty/quick to move to breakeven) when daytrading..

odds of a high to low trend day are high now..

cash is +, futures -

8:48 high was not tested afterwards..bodes well for a swing high being in place..

out