Paper is a retail order or institution order.. Non Local .. most likely stop being hit.
We finished mid range between the established zone of 00 - 45.. rising wedge on shorter TF`s
ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
- Status
Paper is a retail order or institution order.. Non Local .. most likely stop being hit.
We finished mid range between the established zone of 00 - 45.. rising wedge on shorter TF`s
There can be no bearish monthly candle until new highs are made or support is broken. Monthly uptrend and bull pennant intact
Sorry B... but your highlighted statement is completely & utterly inaccurate... A bearish monthly candle can be bearish regardless of where it`s located... Sometimes I feel you just like to get a rise out of folks with silly statements.
I don’t get the passive aggressive trolling but it’s his thread. Rolls eyes and moves on.
Not sure what you are getting at, but it may be misunderstanding on your part. A down candle in an uptrend is not bearish by itself. By stating that a candle is bearish implies that there is now to be a trend in that direction. Rather, a down candle in an uptrend merely provides a buying opportunity until new highs are made or support is broken.Neither has happened yet, so uptrend continues at this point.
That seems to be your interpretation. Maybe you have backtested this to prove your theory but sorry, a bearish candle is a bearish candle by the books, regardless of time frame or current trend.
Best of luck on your current position.
I`m not getting roped in to another "Gap Debate" here... Have it your way as i`m not taking the bait... but you may want to re read your post & correct it... makes no sense!
Good Trading
Good Trading
OK, B1S2 I agree the SP 500 monthly uptrend is clearly intact and the monthly bull pennant is in play based on the chart alone. Question: Where would the July monthly candle need to finish for you to consider it a bearish candle? Below 2600 or something lower?
- Status