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.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
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.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.