Thanks Suntrader. So its breached it - let's see what happens now!
Curious, why that line that you drew in particular (at that level)? Looking at it, it looks like it basically touches maybe a couple of temporary highs, then a temporary low or two. Just having it touched by both temp highs and lows is what made you draw it there, or something else?
Thanks Suntrader. So its breached it - let's see what happens now!
Curious, why that line that you drew in particular (at that level)? Looking at it, it looks like it basically touches maybe a couple of temporary highs, then a temporary low or two. Just having it touched by both temp highs and lows is what made you draw it there, or something else?
Look at where the line begins. A wide range down 60 minute bar - where it opened is what matters most. Time of the day also. It was a 900am bar so if it was instead during globex night session I likely would not have considered as important.
Then the reaction later in the day @ 400pm.
I just happened to have kept line in place overnight and today saw how it became support. Some of my best trades are when something "breaks". Failure trades.
Anyway since then it still really been chopping back and forth.
I'm surprised eMini(ES) did actually move lower, and NQ as well, because the NQ Tick has been in an uptrend all day. Though not Nas A/D line.
