Bride of If You Can Draw A Straight Line

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Quote from Gringo:

Possible TR.

Gringo
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Possibly. As Niko pointed out, the demand line is broken, so acc to the drill, look for a retracement for a short. However, there was a higher low, so if the short doesn't go, you're likely looking at chop.
 
Quote from dbphoenix:

Possibly. As Niko pointed out, the demand line is broken, so acc to the drill, look for a retracement for a short. However, there was a higher low, so if the short doesn't go, you're likely looking at chop.
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Out on a loss for the second time, chop confirmed.
 
And the short doesn't go, so wait for a break of 72 for a long or a break of 67 for a short. If price can't do either, then you're still in chop.
 
Quote from niko:

10:17 Long at 74.75
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A little off topic, but something I have noticed and want to know if is something worth pursuing, at 10:17 price barely made it above the LSH, then fell on increasing volume.

Is this an early signal to get out of this newly activated long?.
 
Quote from niko:

A little off topic, but something I have noticed and want to know if is something worth pursuing at 10:17 price barely made it above the LSH, then fell on increasing volume.

Is this an early signal to get out of this newly activated long?.
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Not necessarily. The ES is acting as a drag, but you can't rely on the correlation. You have to decide if you're going to use the last swing low as your line in the sand or a break of the demand line.

There is of course nothing to prevent you from exiting and re-entering on renewed strength, if any.
 
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