Jump to content

Helluva Week Yesterday 10/7/20

Rate this topic


Recommended Posts

After a news noise event like yesterday's I wouldn't read much into the chart until the reverberations settle down. Here's the hourly. It shows that at 5:20 AM in NY, the rebound reached resistance at 3378. 

tvc_aa83b39a766cb6faceeca4ffe97cfef2.png

Link to post
Share on other sites
  • Replies 29
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

The 2 hour bars again give an interesting perspective. Note the sawtooth sharp breaks every 3 days over the past week or so. After each, the cycles make a low and start higher. We're in that moving higher phase now. 

tvc_e9205bb959a0d633d509d493230eb7da.png

The market appears to have been building a saucer base over the past month. It needs to clear 3424 for a breakout. 

In the short run, if they clear 3378, then I suspect the target would be 3400 pretty quickly. 

Link to post
Share on other sites

I bought the open when buy setup triggers were hit on 3 trades. Also one short not done, but trigger on.  

Link to post
Share on other sites

The short triggered. I got rid of it for a small loss. 3 longs are ok. 1 small loss. 1 small gain. 1 nice gain. Sell triggers in place. 

Link to post
Share on other sites
Guest
This topic is now closed to further replies.
  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    No registered users viewing this page.

  • ×
    • Create New...