I want to play a TRADING GAME with you all....
- Thread starter SoyUnGanador
- Start date
Is this a time-based chart?
Hey! Congrats man! Good Call on your What's Next Win.
Yes, time based.
Post one up for us, it doesn't need to be time based.
Hey STM, You did a great job of analysing the Left Hand side of the chart, how about a report on the action of the Right hand side of the chart that unfolded."]View attachment 281441 [/SPOILER]QUOTE]
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Up.
Stop below the five bars to the left.
Stopped at horizontal resistance (low about 1/4 from the left)
Classic puffer bar testing selling pressure.
Thanks! OK...here it is:
This chart's price action behaved nicely...do you mind sharing the instrument and time frame of the chart? If it's futures, I might like trading it!
What happens next?
I'm undecided on this chart so I will go with "roughly flat." It's forming a small triangle that is probably key to the next bigger move's support or resistance.
Although price did reject strongly the most recent lower low after a larger drop, it didn't take off higher right away either. "Trends can last longer than you think." I wouldn't rule out more of a trend down, or a trend up, and I don't necessarily think it will be flat. If trading this I would have to wait and do NOTHING.
Should have said retest of support