oh wow so you are trading a channel? More often than not this is un-tradeable with stops.
Another "Price TA" play... (TA haters ain't gonna like this one)
- Thread starter Scataphagos
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oh wow so you are trading a channel? More often than not this is un-tradeable with stops.
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This setup MIGHT be more important than most of us traders recognize. Identified years ago, I call it the "triple top below a potentially important high". It doesn't occur often, but when it holds it can be big for the downside.
Not "pounding the table" saying, "It's THE thaing"... just that it's worth paying attention to.
FWIW...
Not "pounding the table" saying, "It's THE thaing"... just that it's worth paying attention to.
FWIW...
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19700 Resistance held... now what? Support @ 19150 (matched low)?
I don't know if it's going to "stick", but it's at least a "might cover short/long" play. If it holds it means something. If it breaks, it also means something.
I don't know if it's going to "stick", but it's at least a "might cover short/long" play. If it holds it means something. If it breaks, it also means something.
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Update...
Usually when a support level is going to be good, the market bounces away from it like a scalded cat. Not doing that here, so additional level of skepticism is warranted until shown otherwise.
Usually when a support level is going to be good, the market bounces away from it like a scalded cat. Not doing that here, so additional level of skepticism is warranted until shown otherwise.
Yes, but not if you have a 6 figure account and use appropriate risk management. Always find your posts valuable and thought stimulating. Thanks.
Yes. Not exactly the same "form", but the same principle. 3X/4X top @ 80, then 2X top at lower high (70).