We have a 66% pullback after the gap up , 5 min chart is back at the moving average ..
Note the current move up is climactic, I am trying this 15 min reversal which looks good on 1-15M timeframe , we may need a larger pullback but we have returned to moving avg on 5 min chart so those traders are buying reversals up .
Notes :
PB to 66% buy
But probably buyers
Also was a reasonable short from open to 66% area
If this fails buyers should also be around 50%
Lower timeframe chart pasted on for extra clarity (2 Min)
Note the current move up is climactic, I am trying this 15 min reversal which looks good on 1-15M timeframe , we may need a larger pullback but we have returned to moving avg on 5 min chart so those traders are buying reversals up .
Notes :
PB to 66% buy
But probably buyers
Also was a reasonable short from open to 66% area
If this fails buyers should also be around 50%
Lower timeframe chart pasted on for extra clarity (2 Min)
Trade fermée manuellement
Spy closed below another day , though qqq closed slightly above prior days lows . Overall chart is pretty climactic and bulls are tired , I closed the trade today for a 14R profit .
Hoping to see a bit of profit taking and a pullback here ...
I'll be buying highs though .
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.