for NinjaTrader® – Forget Squiggly Lines!
Bear gap, mid range, SX, fEB, mDT, bull CH, WfBO, fH2, LH MTR
a small TR day
daily chart
Always In Long (AIL) since 01/04
some bears up here, 18 points below the last LH of the wide bear CH I mentioned yesterday
Bulls buy below the last HL (Tuesday low)
Continuation, 1fBO, BT, H2, BP, WfBO, FOMC report
a small TR day
daily chart
Always In Long (AIL) since 01/04
more up, but near resistance, the the last lower high of the wide bear channel
Bear gap, mid range, T1B, SC, mDT, 1CHBO, LH MTR, fH2, bear CH, CXT, H5, 1tF BT, DT, DP
can see nicely the re-test of the b2 close, which was the switch to AIL, on b14
with stop at the b1 low a risk/reward = 2 was reached just before noon
(2nd chart below)
daily chart
Always In Long (AIL) since 01/04
close above the high of last week, next gap to close is at around 2796
the high of the shallow bear CH is around 2825
I left early
Bear gap, mid range, mDT, WfBO LOY, LL MTR, bear CH, 1CHBO, L2, DT, bull CH
bull CH from fBO LOY tries to close the gap
daily chart
Always In Long (AIL) since 01/04 (for now, a close below LOY would be AIS)
buyers below LOY, some bears took profits below yesterday’s weak entry bar
bulls try to close above the OOW to have bull body on weekly chart
Always In Long (AIL) since 01/04
bears still might see a shallow wide bear channel below 2800, this wide channel can also be the channel part of a spike & channel trend pattern (the spike was the strong breakout from the double top at the all-time high)
bulls have a strong move up from the failed breakout of last year’s trading range low, but this might be only a “mini” trend within the large trading range
price formed a triangle a couple of days ago, which might act as a final flag (a trend termination pattern) in that “mini” bull trend
