for NinjaTrader® – Forget Squiggly Lines!
E-mini ES 2018/12/18
today the opening range formed just below a possible profit target of the bears from yesterday, 2 x signal bar range (12/12 breakout pullback short), 2 x the initial risk for a short below that bar is at 2573.50
Continue reading “Broken measured moves often become support/resistance”
Bear gap, below LOY, 1Tail, SX, mDB, DP, HL MTR, DT, fEB, bear CH, BP, L2, XT
daily chart
Always In Short (AIS) since 12/06
we took out the April low and reversed just above the low of the year
two nice reactions at the MMs (2x and 3x MM) of the SB from 12/12, where some bears took profits
Bear gap, below LOY, fBO LOY, 1P, 1W, BT, fH2, L2, mW, BP, DT, fH1, mDT
wide bear CH, see also 12/07 comment
daily chart
Always In Short (AIS) since 12/06
follow trough (FT) for Y entry bar, bulls could prevent a close below 2600
Continuation, OR, 1fBO, 2fBO, WfBO LOY, LL MTR, fL2, DB, L3, XT, fBO
there was a possible LL MTR, but you have to view everything in context
here a wide bear CH, which probably makes all poss. reversals fail or scalp only
daily chart
Always In Short (AIS) since 12/06
the BP triggered short, probably more dn (e.g. a MM of the signal bar)
Bull gap, mid range, fBO, bear MC, 1TL, fL2, inv. SHS, 1Tail, DB, XT, fL1, fEB, mW
one can see nicely, how the OOD changed role from resistance to support and back
daily chart
Always In Short (AIS) since 12/06
Sellers above Y failed EB (HOY) and just below the Open of the year
breakout pullback stop entry short for the bears
bulls could close just above the Monday high, which could be a breakout test and lmt C buy for them
