S/R Emini Journal

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Quote from belavia:

Romik, would it have been correct to draw a pennant with the two yellow lines and to go short below it, with confirmation from indicators?

close, I'll show you later, though yours is very good
 
Quote from belavia:

Would it be normal for it to jump as high as 1305.50, before resuming down movement.

yes, an absence of volume does not work in our favour on a day like today, very easy to create a dis balance for major participants (locals).
 
Quote from belavia:

What do you make of the price action. The CI is quite high, but it seems it wants to go to 1304 again.

I am almost out on the 2nd trade, if stopped, just 1 more trade will be left for me. there isn't enough volume still
 
Quote from romik:

was stopped on 2nd trade, now last trade yet another last double up on 2nd trade 1307.25 (long)

A little close to resistance just above 1308. What am I missing?
 
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