Continuation, fH2, DT, bear CH, 1CHBO, DB, inv. SHS, H2, BT, mW
daily chart
Always In Long
for NinjaTrader® – Forget Squiggly Lines!
Bear gap, mid range, fH2, fBO, inv. SHS, mDT, W, mW, BT, H2, 1CHBO
daily chart
Always In Short
Test of Friday’s Sell Climax, HL
Continuation, T1B, 1P, fEB, SC, 1CHBO, inv. SHS, DB, HL MTR, XT, BT
bear spike and channel
the 1st B on the RVB at bar 8 occurs right after a sell climax (the largest bear bar of the day), a reasonable buy despite 7 bars down before
but watch out for a failure of the bulls and exit your long, if that happens, here we got a 21 tick failure and a close just below the bear TL on the EB for that RVB
bulls exit at the close of the EB and bears S that lmt C
E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)
Bear BO, gap close, probably get FT down
Bull gap, above HOY, bear MC, inv. SHS, HL MTR, XT, LL MTR, DB, DP, 1P, BP, SC
bulls draw a Fib from the H of b1 on the 5min chart to the Friday low and B the 38% PB (see daily inset)
daily chart
Always In Short (AIS) since 07/17
the DB triggered above HOY, the EB didn’t make it above Friday’s high
this is the 2nd open gap, yesterday was the 1st