S/R Emini Journal

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riamaan,

But to answer your question about the flag. It could have been considered the high tight flag or a wedge. I was calling it a wedge pattern based on the 15 minute chart. Good call though.
 
Quote from 4re:

riamaan,

But to answer your question about the flag. It could have been considered the high tight flag or a wedge. I was calling it a wedge pattern based on the 15 minute chart. Good call though.
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Now the 15 minute is looking more like a bullish flag. But I am still waiting for the 85 to go long.
 
Unless you get alot of vol. moving up to 85, I'd be cautious there. It may hit 85 and reverse dn. if you don't get the momentum. MY 5 & 15m. indicators are pointing dn.
 
Ya, so far, it handily rejected the price at 80.75. I need to go to work though, and hopefully, the setup will still be taking place over the next 30 min.
 
Quote from yvberj:

Unless you get alot of vol. moving up to 85, I'd be cautious there. It may hit 85 and reverse dn. if you don't get the momentum. MY 5 & 15m. indicators are pointing dn.
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I am getting more cautious as we move along now. I think I going to wait until I get a more clear picture. But at this time I am still looking at 85
 
Well I didn't get in on any trades yet again and I have to go here in a couple of minutes. Probably won't be back before the EOD so my dome is shut down for the day.

Does look like it could be going down more though. Good trading to all.
 
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