Intraday descending triangle
SS charts--no comments, just charts
- Thread starter smilingsynic
- Start date
10 AM swoosh.
Significant price changes/turning points often take place on the hour, and 10:00 is the most critical hourly turning point of all.
Reason: Opening range breakout systems.
Significant price changes/turning points often take place on the hour, and 10:00 is the most critical hourly turning point of all.
Reason: Opening range breakout systems.
Break of Fisher's pivot range, fill of 1130 gap, among other support levels.
another 10 AM swoosh.
another 10 AM swoosh.
after hours levels
Resistance
The past week, based on magnets establish during the week prior.
Weekly Zones
SAF = above 1338.25
Upper upper = 1331.25-1338.25
Upper = 1308.25-1319.50
MID = 1290.75-1296
Lower = 1284.50-1273.25
Lower lower = 1261.25-1258.50
LAF = Below 1258.50
All zones have AT LEAST TWO magnets, and sometimes three. The Mid zone is made up of weekly pivot, weekly VWAP, and weekly 50% retrace.
"Zones" are key levels that contain more than one magnet.
If one zone = support, then the zone above it should be the target, and stops could/should be placed under the support zone.
If one zone = resistance, then the zone below it should be the target, and stops could/should be placed above the resistance zone.]
SAF = above 1338.25
Upper upper = 1331.25-1338.25
Upper = 1308.25-1319.50
MID = 1290.75-1296
Lower = 1284.50-1273.25
Lower lower = 1261.25-1258.50
LAF = Below 1258.50
All zones have AT LEAST TWO magnets, and sometimes three. The Mid zone is made up of weekly pivot, weekly VWAP, and weekly 50% retrace.
"Zones" are key levels that contain more than one magnet.
If one zone = support, then the zone above it should be the target, and stops could/should be placed under the support zone.
If one zone = resistance, then the zone below it should be the target, and stops could/should be placed above the resistance zone.]
Chart for today.
Trendline overshoot and end of day rally.