ES Journal - 2021/2022

[Spooz Top 2]

We've already had the confirmed H and S on the daily and the expected measured move that was discussed. I believe the wide H and S that you are talking of building out would be more of an item on the weekly chart which would indeed make the measured move much larger. However, any H and S on the weekly is miles away.

Sure.. you can roll it back to the weekly as well.. particularly after right shoulder buildout… either way, it appears to be an HS within a potentially larger HS on either TF.

What’s even more interesting is we already have two confirmed bearish sell signals on the Weekly & Monthly… May act as a prelude to the larger HS Mega move!
That said, we’re way off… we’ll continue to trade what we see … not what we think! GL

 

[Buy1Sell2]

Sure.. you can roll it back to the weekly as well.. particularly after right shoulder buildout… either way, it appears to be an HS within a potentially larger HS on either TF.

What’s even more interesting is we already have two confirmed bearish sell signals on the Weekly & Monthly… May act as a prelude to the larger HS Mega move!
That said, we’re way off… we’ll continue to trade what we see … not what we think! GL

I am unable to ignore the weekly chart below

 

[Buy1Sell2]

---or this monthly chart---

 

[Spooz Top 2]

What exactly are you unable to ignore?

 

[Buy1Sell2]

What exactly are you unable to ignore?

The longer term negative tone to them.

 

[Laissez Faire]

 

[wiesman02]

Diamond pattern showing up on the hourly and 4 hr. Usually gives a pretty reliable trend line breakout...

 

[Laissez Faire]

I'm short from 90. Ready to bail for a 10 point loss.

 

[Laissez Faire]

Diamond pattern showing up on the hourly and 4 hr. Usually gives a pretty reliable trend line breakout...

Care to show with a picture? Is that a breakout higher...?

 

[Laissez Faire]

90 is yesterday's RTH Close, so normal to see some slowing down here. Could be setting up a bottom here, but my initial bet is that gravity leads us lower in this channel.