Sorry, not seeing what you are seeing on cash either. Perhaps post a chart.
The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
Sorry, not seeing what you are seeing on cash either. Perhaps post a chart.
Looks even more prominent Class A on 2 hour chart. Personally, I am banking that won't be much follow up to this, just a bounce to 2090 area, where selling ought to resume. As we have established quite a few years ago divergences in line with the trend are the most profitable ones as far as sustainability of move is concerned. Question is - what is the current trend and on which time frame?
Do the horizontal lines carry any significance on your chart?
I would say the Daily Trend is down along with weekly. If we were to close above yesterday's high, we might need to revisit that analysisLooks even more prominent Class A on 2 hour chart. Personally, I am banking that won't be much follow up to this, just a bounce to 2090 area, where selling ought to resume. As we have established quite a few years ago divergences in line with the trend are the most profitable ones as far as sustainability of move is concerned. Question is - what is the current trend and on which time frame?
In my view yes. That Red one.
So you are looking at taking profits near the most recent reaction high on the 60?
Recent support levels that were broken.