2680 is low adding any overbought value to that at 30 minute chart ? or 2645 is H1 chart low before concildation area can be considered.There is A Downtrend Phase until at least 2084 over H4 Chart Trend Low.
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ES Journal - 2017/2018
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Any lift here should be met by sellers .. followed by LL/ Lower lo`s on the day.
We are Heavy & we are Bloated... lipstick coming off.
We are Heavy & we are Bloated... lipstick coming off.
Adding if we break the swing highs after bottom of the hour.
Was wrong was looking for some those lines to hold.
I can't believe I agree with PMM. 2675 is the lower BB on the daily. When we reach 2720 we turn back to make another low in the 2680-90 area. (this is not a prediction but a quote from yesterday's newspaper, the day after tomorrow...)
Initial lift was spanked & made the LL... Then the Calvary/PPT stepped in right on cue to prevent further hemorrhaging for the day with a little late session rippity-rip.
Serious question here, so if the PPT stepped in today, why didn't they step in a month and half ago when there was huge limit down drops? Why step in during a situation like today and not then?
Game of observation is what we all do... being that those channels didn`t hold up & we went through them like a hot knife thru butter.. I see some technical damage being done here on todays session.. How bout you Spec? You seem to be a level headed trader without bias leaning either way?
I try not to pick a bias, and watch as lines hold or get broken, it was kinda odd, that a non structural issue created a reason to clear out a ton of stops. (FB cyber stuff). So that's why I felt the lines above would hold. I use gross filters for placing trades, like:
- open range
- 2pm pivot
- prior close
- trendlines
- horizontal trendlines (S/R's)
- EMA filter for directional bias
2pm pivot was around 2710, we pivoted around till one side won, the EMA's shifted as it pivoted.
none of the lines were adjusted.
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