for NinjaTrader® – Forget Squiggly Lines!
Bear gap, below LOY, fBO, T1B, XT, SC, 1tF BT, H2, 1CHBO, mW, fL3, BP
bears short and bulls take profit again at a re-test of the L1=L2 MM (2626) from the daily chart, but the move is smaller and weaker compared to yesterday’s move
daily chart
Always In Long (AIL) since 01/04
buyers at and below the bull trend line
the bear RVB failed
a gap close with 12/13 (we missed it by two points today) is also a 50% PB of the down move from the ATH
Bull gap, mid range, T1B, mD, BB, bull CH, 1CHBO, 1tF BT, bear CH, CXT, fL2
daily chart
Always In Long (AIL) since 01/04
bulls closed Friday’s gap, and BO above last week high, next target would be Leg 1 = Leg 2 at 2626 and after that a 50% PB of the range of last year
bears sell above swings, but failed to close below last weeks high
Bear gap, mid range, mDT, 1CHBO, DT, fL2, SC, CXT, bull CH, XT, MC, fEB
daily chart
Always In Long (AIL) since 01/04
more Srs at the 12/19 high and above HOY
some bears might see a mDT with yesterday at resistance and short lmt C
bulls BB LOY
Bull gap, above HOY, 1P, fL2, XT, HL MTR, 1CHBO, CXT, bull CH
LOD was probably the 1W from the 1P
the 1P was right at that 38% retrace (see below and comment on chart)
daily chart
Always In Long (AIL) since 01/04
gap close, bears see L2
we closed below the 38% retrace of the range of the last year
a bear bar tomorrow forms a 3BR with yesterday’s bar
Continuation, LH MTR, fH4, bull CH, 1CHBO, BP, H2, H1, SC, L1
because of the bull CH from late yesterday, bears got out after two weak pushes down from the LH MTR at bar 1
daily chart
Always In Long (AIL) since 01/04
Follow Through bar for the bulls
but also a possible failed H2 for the bears and a lmt C short near the EMA and a prior Lower High (12/19) in a bear trend
we might try to fade the 12/19 outside bar (go above, before we find Sellers/Profit Taking)
