What a drag yesterday.
The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.
Then came the "Flush" throu the CL with no pull-back.
No Mercy!
This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).
So far, divergence with the RSI is confirming a good potential for a bounce.
But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.
If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.
Happy Hump-Day Tr8dingN3rds
The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.
Then came the "Flush" throu the CL with no pull-back.
No Mercy!
This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).
So far, divergence with the RSI is confirming a good potential for a bounce.
But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.
If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.
Happy Hump-Day Tr8dingN3rds
Watch the latest Chart Analysis video on YouTube!
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Watch the latest Chart Analysis video on YouTube!
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.