Bear gap, below LOY, bull CH, BT, SX, DB, H2, fL2, bear CH, CXT, 1CHBO
small TR day
daily chart
Always In Long (AIL) since 08/29
Bull strength, we kept the gap with 08/28 close open
for NinjaTrader® – Forget Squiggly Lines!
Bull gap, above HOY, T1B, SX, DB, fBO, SC, mDB, mDT, XT, H3, fL1
the OOD right at the gap price (prior resistance turns into support), the swift move higher and the high of last week magnet made me tap into that bull trap
fortunately I exit below b2
two more or less scratches put me in the right direction on the bull SC after the SX
daily chart
Always In Long (AIL) since 08/19
we closed the gap with the 08/13 close
bear TR bar near the top of last weeks range
bear gap, mid range, SX, fBO LOY, bull CH, 1TL, fL3, 1CHBO, bear CH, CXT
bulls tried the same as yesterday, fading a bear BO with a bull CH –
spike and reverse channel – a classic
after a spike there is often a channel, but this channel doesn’t have to be necessarily in the direction of the spike
the spike can also act as a trading range and the reverse channel starts from a 1st or 2nd failed breakout of that spike (the trading range)
the target is the other end of the spike (the origin)
daily chart
Always In Long (AIL) since 03/29
again buyers below the prior bar and Thursday’s gap price
round number 2900 is still looming, but a whisker is missing on the future as well as on the index