Will it Break - Take II - Up or Down? Post Answers, Reasons, More Charts ...

[easymon1]

Will it Break - Take II - Up or Down? Post Answers, Reasons, More Charts ...
Price Action Skills Sharpening is the Aim Here.

Other conversations, protests, and opines perhaps go better in the old thread Will it Break - Up or Down? or wherever ...

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[S2007S]

Take 2

 

[easymon1]

Will it Break - Take II

This 120 minute chart adds some perspective to the 5m chart below it for that drop on 0721.

Interesting to consult to your indicators, they may have been screaming around this time. Maybe look at a few alternative indicators for comparison. Maybe just use 'price action' alone ... That looked like a tripple top on a 5m chart to me so that's what got me interested. The red 7:45 am bearish candlestick signal and a close below the red 8ema T-Line Trigger Line, per Bigalow, was the convincer.

 

[easymon1]

Trading the T-line - a cut to the chase ... blood simple
Stephen Bigalow