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See what I am talking about on SPB trend on this daily chart. So what happened in the next session, which was today? The first chart is a daily chart of today. The second chart is a 5 min chart of today’s intraday PA. Well the pb went down to 2926 then trading through the EMA as described...

I don’t know about wave sequences. I don’t trade them. Never learned them if you are referring to Elliot wave theory?? I can’t see a 2000 point dow drop in the making.

Now if we look at a daily chart we see what is called a small PB bull trend. Over 80 daily bars of SPB TREND. Price is staying well above the ema (gaps..gaps..and more gaps between low of bars and the EMA. So, price is staying, for the most part well above the ema. PB’s are small and staying...

I think noddyboy may have panicked...

You may wish to truck it over to this thread to see some more of my beautiful charts from a longer TF perspective. https://www.elitetrader.com/et/threads/reversal-shorts-top-in.332075/page-2#post-4850345 LOL

First chart is monthly. Second is weekly. Yellow indicates how far below Ema it traded on both charts. Green highlight on weekly indicates the tight bull channel. Only three bear bars in that tight channel. So, on both charts we see a bull trend line break that goes far enough below the EMA that...

Well me thinks not. Although it (ES) is at weekly high from oct 2018 the reversal up in dec 2018 and the subsequent channel is just too tight and bullish. I think it will break right through resistance of oct 2018. And if you go to a continuation monthly chart the reversal is 4 strong bull bars...

Lol

Lol

No will not work. It will just increase losses.

Hilarious

Here we go again. Calling tops. What TF you talking about? 5 min chart ...60 min...daily...weekly?

To answer the thread title question survey. NO it won’t and didn’t..

Here is updated chart of same thing 15 min. Off to the races....I watch 5 min TF..15 min..30 min and later in session will watch 60 min too. Most trades I do off 5 min chart and occasionally will fine tune entry on a 1 min chart. Larger TF above 5 min help for just a larger perspective and...

Remember...my drawing a few days back..might have been on another thread..

;)

:D

:cool:

:)

ROFLMAO