over the weekend I put a chart up about an H&S in the 30min RTH.
The confluence of measured move and gap was 1452.50-1449.00.
whenever I see price points of interest I usually give them 3 tics leaway, but that is not needed here, low print (so far) has been 1452.50. If it's going to have a reaction up (even just intraday), it should happen here.
a move of more than 3 tics below 1449.00 would relegate this chart to the head scratch department (failure)
Oh I know, I was introduced to the service back in 1994 and I had a subscription for a quarter back in 1995. It was worth every penny. It's the real deal. In the scheme of things that's a relatively modest price. I just wish I had been smarter.
There was a lot on that daily report that I didn't fully understand and didn't capitalize on. The questions I had forced me to take the seminar to satisfy my curiosity. In hindsight I did it backwards. I should have taken the seminar then subscribed to the service.
However, the real value from the seminars is taking what you learn and making it your own. Out of which comes the AM CALL. I took that seminar, quit my job running a trading desk at the firm of navy blue suits and red ties on Wall St., and never looked back.
I have purposely not mentioned the name of the service in order to remain impartial. I do not work for them, nor take any renumeration, nor have a subscription. I'm just sharing my experience.
If you really want to know what is on that report drop them a line and I'm sure they'll be glad to send you copy.
Just be prepared to throw away what you think you know and learn what's really going on.