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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
So.....correct me if I'm wrong in my assessment.....Quote from ammo:
working the bell curve ,working lower half ,target 37-33 /32 area
The move to fill this could easily prove to be a false breakout of support? Or, if it does break, a somewhat slowed drop to the next heavy buying level?
Am I looking at this right ammo?
Quote from Trvlwanderer:
Simply two bars on a given timeframe that are in the shape of "tweezers". Basically, back to back hammers. The bigger the timeframe, the bigger expected reversal.
take a look at the es 15 minute chart
Did this answer your question g?
For this time-frame, it jumped 7 points from the confirmed 2nd hammer.
could move to the next belll curve, ben could keep working the same curve back up,its like a pinball,you think(know sortof)that its going to hit the bumper(cleave,nip,ledge,trendline)you also know its going to bounce off it,if its dropping and holds it will bounce back to the previous bumper,if it doesnt hold it 'll drop to the next..in theory,if i knew...... edit, that hns in trans suggests the drop to next bell curveQuote from Trvlwanderer:
So.....correct me if I'm wrong in my assessment.....
The move to fill this could easily prove to be a false breakout of support? Or, if it does break, a somewhat slowed drop to the next heavy buying level?
Am I looking at this right ammo?