ES Journal Archive (2009 - 2010)

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My chart shows last 3 trading days and is not time based.
It is about 38 point wide, clean uptrend channel and you see how price is respecting resistance in it. We can retrace nearly 40 points from HOD and still stay in this uptrend channel (We will do it one day during this week this is nearly sure).
Rashid, your chart is time based so it looks like triangle.
But it is no triangle on mine chart. Until we will stay in channel price does not need break up anything - if this scenario will be true it will break upside of your time based channel.
 
Quote from Pholeuon:

it will break upside of your time based channel.

Which it just briefly did to 1101.. The upper line I see as to get out of longs really, not to short as the lower one says long and until broken, the bear castration proceeds as planned.
 
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