ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from volente_00:
Downtrending on what timeframe ?
6 weeks ?
On a longer timeframe this is just a correction on a bull, if we retrace more than 10% from high and stay under it then it will be time to get bearish.
I strongly believe there will be a runup to 1380-1400 in the second half until the longer timeframe says otherwise.
Can't argue with that, but the right shoulder we plotted on the monthly chart looking like it's doing it's job and the neck is nowhere near these levels but much much lower.
Have no issues going long, but give me an uptrend channel at least
NAD
This is a doom and gloom scenario but nevertheless possible.
I do better in bear markets, higher volatility better targets, so a little wishful thinking but nevertheless a doable scenario.
Uploaded with ImageShack.us
Arrows indicate the three potential targets.
So far this market is guilty until proven innocent, trade what you see and so far it's bearish.
NAD
I do better in bear markets, higher volatility better targets, so a little wishful thinking but nevertheless a doable scenario.
Uploaded with ImageShack.us
Arrows indicate the three potential targets.
So far this market is guilty until proven innocent, trade what you see and so far it's bearish.
NAD
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