A down thrust is underway, OTE long sweet spot tag longs look interesting from a risk/reward perspective & near Daily OTE Long sweet spot (562.98) too.
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BimTrown
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For a guy trying to learn TA, what is meant by 'OTE'? It definitely would help me appreciate your analyses better..
CRInvestor
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OTE stands for Optimal Trade Entry. To learn more google/Youtube Inner circle trader and watch all of the Field sniper guide videos 1-8....
BimTrown
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Very cool, thank you. In case anyone else is interested, this is part one of the series mentioned: youtube.com/watch?v=A0VgxFD2Brs
nick.stoneman.5
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Hi! Really useful analysis, though I think the bottom could be lower than 530 (and now I see you've written "No real bottom yet" on one of the indicator graphs). Disclaimer: I'm not good at TA, just what I've read on other people's analyses, and now yours. Just one thing - is it possible to use a larger font for any in-chart annotations? The + button doesn't enlarge annotations. Just saves me looking out my really strong reading glasses!! Getting older I suppose... Many thanks and best wishes, Nick
CRInvestor
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ya not the best setup (not all indicators were bullish) and yes she did break down through the anticipated floor at 530
rubBit
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It is clear downtrust(4h and 2h, [1h and 30 min are uptrust]), so why(or base on what) do you predict bounce from 560 up ... to 707 or even 857. What about red dotted trend line, we did not crossed it, so it is resistant isnt it?
CRInvestor
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indeed, 530 broken, more pain to come. Not a bad risk/reward trade but alas it was busted...