somewhat messy daily chart but shows present swing excursion with fib and common retracement levels. more confluence with 38.2 level prior support (magenta lines) and pivots (both RTH and ETH).
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- Thread starter Phil-n-Texas
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30m RTH chart showing gap fill. so now what?
well there's the central pivot @ 9314.25, the 20ema, and the there's confluence with S1 pivot and 9273.5 which happens to be 38.2% retrace from daily chart mentioned above and there's more but you get the idea.
well there's the central pivot @ 9314.25, the 20ema, and the there's confluence with S1 pivot and 9273.5 which happens to be 38.2% retrace from daily chart mentioned above and there's more but you get the idea.
same thing but on 60m ETH chart. the case for double top and other possible pattern scenarios start to enter the "thought queue".
another daily chart but with fib drawn on previous swing/leg. again, looking at different scenarios that might influence price movement. different traders look at different stuff. sort of like reading tea leaves.
took this pic because VIX was exactly at ZERO. no conviction at that time. proceed with caution buzzer going off.
the 30m RTH again showing key support levels based on intraday and daily time-frames.
5,15,30,60 chart quad on TOS showing MTF (multiple time frame) charts flying in formation. time-stamp upper left. yellow square (60m upper right) showing confluence from support on daily chart and RTH central pivot.
just showing the 5m RTH chart. if this is all that i was looking at i would be 1) worried it's going against me. or 2) winding up to drop another leg.
but the higher time frames help eliminate a lot of this kind of noise but not always.
but the higher time frames help eliminate a lot of this kind of noise but not always.
sanity check on pivots being honored in the past (hollow dots). also SL moved to just above closest 60m red bar. enough for beer money.
remember previous post about pattern scenarios creeping in?
here's one...
here's one...