The ACD Method

Quote from Maverick74:

Monthly A down in crude is 79.81. Today's low was 79.82! We'll call that a failed A down for now.
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On monthly and weekly levels what is the time filter for confirmed weekly/monthly A down.

For example, if CL close today below 79.80 it will be considered confirmed monthly A down ?

Thanks,


A up in $ showed it's hand and CL went below 79.80 on strong sell volume.
 
Quote from mfbreakout:

On monthly and weekly levels what is the time filter for confirmed weekly/monthly A down.

For example, if CL close today below 79.80 it will be considered confirmed monthly A down ?

Thanks,


A up in $ showed it's hand and CL went below 79.80 on strong sell volume.
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Looks like crude wants to try lower. We'll see! I'd like to see 79 today personally, (I'm short for a quick trade, if I don't get 79 soon I'm out).
 
Quote from Quon:

Looks like crude wants to try lower. We'll see! I'd like to see 79 today personally, (I'm short for a quick trade, if I don't get 79 soon I'm out).
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yes, i shorted 79.78. cover 79.30. Holding runner with stop loss at 79.62
 
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